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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 11878.31 with take profit at 11902.53
Bearish Preference:
Sell position is envisaged if price trades below price 11796.91 with take profit at 11777.81
Fundamentals:
No major fundamental
Comment:
The U.S. dollar slipped on Friday and was heading for its first weekly decline this month as traders dialled down bets on where interest rates may peak and brought forward their views on the timing of rate cuts to counter a possible recession.
Analysis: SCRUM Team
