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Instrument: US100
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 13114.34 with take profit at 13150.11
Bearish Preference:
A Sell position is envisaged if price trades below price 13029.37 with take profit at 12999.45
Fundamentals:
None with high impact.
Comment:
Wall Street futures fell on Monday, setting all three major U.S. stock indexes for a dour start to the week, as investors worried about hawkish signals from Federal Reserve policymakers in the face of slowing economic growth. A four-week summer rally for the Nasdaq and the S&P 500 snapped last week as mega cap growth companies slumped on Friday, with the benchmark 10-year Treasury yield hitting nearly 3% on inflation fears.
Analysis: SCRUM Team
