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Instrument: US30
Technical Analysis
Bullish Preference:
Buy is envisaged if price trades above 29985 with take profit at 30106
Bearish Preference:
Sell is envisaged if price trades below 29888 with take profit at 29774
Fundamentals:
USD Import Prices m/m
Industrial Production m/m
Comment: U.S. stocks are seen opening higher this week, as investors weigh up the roll out of a Covid-19 vaccine and updates on a new corona-virus relief package. Given these numbers, investors will be keen to hear if more fiscal stimulus is coming. A bipartisan group of House and Senate negotiators has decided to split its $908 billion Covid relief package into two separate proposals. One bill will be a $748 billion proposal, which includes money for small business loans, jobless benefits and vaccine distribution, and is expected to pass
Analysis: SCRUM Team
