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Instrument: US100
Bullish Preference:
A Buy position is envisaged if the price trades above 15423.29 with take profit at 15456.49
Bearish Preference:
A Sell position is envisaged if the price trades below 15301.22 with take profit at 15279.34
Fundamentals:
3:15pm USD Fed Chair Powell Speaks
Comment:
U.S. stock index futures were subdued on Wednesday as investors stuck to the sidelines ahead of commentary by Federal Reserve Chair Jerome Powell that could offer more clarity on the direction for interest rates.
Wall Street has kicked off November on a high note, with the Nasdaq notching their longest streak of gains in two years on Tuesday as Treasury yields retreated sharply amid expectations that the Fed has reached the end of its tightening campaign.
Analysis: SCRUM Team
