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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 12186.40 with take profit at 12207.65
Bearish Preference:
Sell position is envisaged if price trades below 12098.90 with take profit at 12077.65
Fundamentals:
None with high impact
Comment:
World equity markets got off to a solid start on Monday. The euro pulled away from parity as market participants scaled back bets on the Federal Reserve interest rate hike next week and on optimism spurred by the central bank’s pledged to support China’s economy. The U.S. Federal Reserves are likely to deliver another 0.75% rate hike later this month, according to Wall Street Journal’s Nick Timiraos.
Analysis: SCRUM Team
