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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14464.65 with take profit at 14498.35.
Bearish Preference:
Sell position is envisaged if price trades below 14335.80 with take profit at 14302.10.
Fundamentals:
No Major Fundamentals.
Comment:
U.S. stocks are seen opening marginally higher Tuesday, recovering after the previous session’s weakness sparked by Federal Reserve Chairman Jerome Powell suggesting the central bank could lift interest rates more quickly than expected The NASDAQ Composite declined 0.4% after Fed chief Powell vowed Monday to take the “necessary steps” to curb inflation.
Analysis: SCRUM Team
