Instrument: US100
Bullish Preference:
A buy position is envisaged if the price trades above 16180.27 With take profit at 16196.95
Bearish Preference:
A sell position is envisaged if the price trades below 16110.37 with Take profit at 16096.42
Fundamentals:
2:30pm USD: Prelim GDP q/q
USD: Prelim GDP Price Index q/q
Comment:
Nasdaq 100 closed higher yesterday which was as a result of the fall in treasury yields as dovish remarks from federal reserve officials boosted bets on rate cuts.
Analysis: SCRUM Team