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Instrument: US30
Intraday: Bullish
Technical Analysis
Preference:
Buy position is envisaged if price trades above 28240 with take profit at 28335.
Alternative scenario:
Sell position is envisaged if price trades below 28107 with take profit at 28043.
Fundamentals:
No fundamental with direct impact on the index
Comment: Stock markets are set to see mixed trading Wednesday, pausing after further records on Wall Street, as investors digest recent economic data ahead of a key speech from the head of the U.S. Federal Reserve. The instrument should continue its bullish run provided it breaks the turncoat resistance on 1HR.
