Fed Outlook Boosts Wall Street Pre-Bell; Asia Gains, Europe Slips
Wall Street futures indicated a push toward new all-time highs pre-bell on Thursday as traders considered the potential for policy easing by the US Federal Reserve following Wednesday's moderate inflation report.
Walmart (
WMT
) shares climbed over 4% in premarket trading Thursday after the company reported higher fiscal Q1 adjusted earnings and revenue. Walmart also stated it expects to meet or slightly exceed the high end of its initial full-year outlook.
Technically
The price surged after breaching the pivot line at 39,660, continuing its bullish trend and reaching the previous high.
Now, a retest is likely down to 39,785 before the bullish trend resumes, provided the price stabilizes above this level. Failure to hold above 39,780 could lead to a drop back to 39,660 and potentially 39,540.
A bullish continuation will be confirmed by breaking the resistance line at 40,005, targeting 40,200 and 40,310.
Pivot line: 39940
Resistance Prices: 40005, 40210, 40310
Support Prices: 39790, 39540, 39360
The movement range will be between support 39540 and Resistance 40210
Wall Street futures indicated a push toward new all-time highs pre-bell on Thursday as traders considered the potential for policy easing by the US Federal Reserve following Wednesday's moderate inflation report.
Walmart (
WMT
) shares climbed over 4% in premarket trading Thursday after the company reported higher fiscal Q1 adjusted earnings and revenue. Walmart also stated it expects to meet or slightly exceed the high end of its initial full-year outlook. Technically
The price surged after breaching the pivot line at 39,660, continuing its bullish trend and reaching the previous high.
Now, a retest is likely down to 39,785 before the bullish trend resumes, provided the price stabilizes above this level. Failure to hold above 39,780 could lead to a drop back to 39,660 and potentially 39,540.
A bullish continuation will be confirmed by breaking the resistance line at 40,005, targeting 40,200 and 40,310.
Pivot line: 39940
Resistance Prices: 40005, 40210, 40310
Support Prices: 39790, 39540, 39360
The movement range will be between support 39540 and Resistance 40210
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~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
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