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Instrument: US100
Bullish Preference:
Buy position is envisaged if price trades above 15053.51 with take profit at 15086.69.
Bearish Preference:
Sell position is envisaged if price trades below 14937.80 with take profit at 14902.19.
Fundamentals:
No High Impact
Comment:
U.S. stocks slumped Monday as the escalating conflict between Israel and Hamas added geopolitical risk to concerns over elevated inflation and rising interest rates.
U.S. inflation data could offer more clarity on the future path of interest rates after Friday’s strong jobs report while Wednesday’s minutes of the Federal Reserve’s latest meeting will also be closely scrutinized.
Analysis: SCRUM Team
