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Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 35023 with take profit at 35055.
Bearish Preference:
Sell position is envisaged if price trades below 34931 with take profit at 34900.
Fundamentals:
No Major Fundamental
Comment: The Dow jones started the week with a dip as fuel demand worries during a resurgent pandemic sent energy stocks lower but rising U.S. Treasury yields lifted financial stocks, keeping Wall Street’s benchmark index near record levels. Energy shares were the worst performing of the 11 major S&P sectors, down 1.48% along with crude prices as mounting coronavirus cases and the potential for restrictions, particularly in China, raised worries about the fuel demand outlook.
Analysis: SCRUM Team
