Instrument: US100
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 14010.64 with take profit at 14048.49.
Bearish Preference:
A Sell position is envisaged if price trades below 13850.82 with take profit at 13808.32.
Fundamentals:
2:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment:
The major US stock indices closed lower on the day with the Nasdaq stocks leading the way lower. For that index, it nearly gave back all its 219 point gain from yesterday. Both the S&P and Nasdaq found sellers against their respective 200 hour MAs at their session highs today – keeping the sellers in control.
Analysis: SCRUM Team