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Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 34485 with take profit at 34560.
Bearish Preference:
Sell position is envisaged if price trades below 34249 with take profit at 34173.
Fundamentals:
All Day G20 Meetings
Comment: Wall Street lost ground on Thursday, with the S&P 500 and the Nasdaq pulling back from record closing highs in a broad sell-off driven by uncertainties surrounding the pace of the U.S. economic recovery. As the bond market rallied on a flight to safety, all three major U.S. stock indexes tumbled. The Dow’s economically sensitive transports plunged 3.3%, its biggest daily drop since October.
Analysis: SCRUM Team
