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Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 34260 with take profit at 34310.
Bearish Preference:
Sell position is envisaged if price trades below 34041 with take profit at 33962.
Fundamentals:
3:00pm USD CB Consumer Confidence.
Comment: Asian shares dropped on Tuesday on concerns new coronavirus outbreaks in the region could undercut an economic recovery, even as robust momentum in the United States prompts the Federal Reserve to contemplate a quicker exit from accommodative policy.
Fears over the spread of the highly infections Delta virus variant are denting sentiment at a time markets are on edge after the Fed shocked traders with a hawkish tilt earlier this month.
Analysis: SCRUM Team
