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Daily Market Analysis 05.04.2022: US 2000

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Instrument: US2000

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 2094.9 with take profit at 2096.8
Bearish Preference: 
Sell position is envisaged if price trades below  2088.8 with take profit at 2086.0  
Fundamentals:
3:00pm        USD        ISM Services PMI
3:05pm        USD        FOMC Member Brainard Speaks

Comment: 
U.S. stocks are seen opening marginally lower Tuesday, with investors taking a cautious stance ahead of the minutes of the last Federal Reserve meeting, the start of the new earnings season, and the continuing war in Ukraine. Investors are focusing this week on Wednesday’s release of the minutes of the Federal Reserve’s March meeting.

Analysis: SCRUM Team

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