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Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 32409 with take profit at 32506.
Bearish Preference:
Sell position is envisaged if price trades below 32209 with take profit at 32101.
Fundamentals:
3:00pm USD Fed Chair Powell Testifies
Comment: Stock markets are seen opening lower Wednesday, continuing the global weakness, as doubts about the speed of recovery from the Covid-19 pandemic weigh on sentiment.
Adding to the worries, confidence in the safety of AstraZeneca (NASDAQ:AZN)’s vaccine took another hit Tuesday after a U.S. health agency said its trial may have included outdated information.
Analysis: SCRUM Team
