Market Awaits CPI Impact After Producer Prices Boost Equities
Producer Prices Report Lifts Equities Ahead of CPI Data
The price has successfully reached all our previously mentioned targets, and today's movement will be heavily influenced by the CPI release.
Current Outlook:
As long as the price remains below 39,900 and 40,020, the trend indicates a potential downward movement.
Bullish Scenario:
If the CPI comes in below 3.00%, it will likely support a bullish trend, particularly if the price breaks above 40,050, with potential targets at 40,320.
Bearish Scenario:
A bearish outlook will be confirmed if the CPI matches or exceeds 3.00%, especially if the price stabilizes below 39,900, with potential declines to 39,620 and 39,260.
Key Levels:
- Pivot Line: 39,780
- Resistance Levels: 39900, 40050, 40320
- Support Levels: 39620, 39260, 39120
Today's Expected Trading Range:
The price is anticipated to fluctuate between support at 39,260 and resistance at 40,050.
previous idea:
The price has successfully reached all our previously mentioned targets, and today's movement will be heavily influenced by the CPI release.
Current Outlook:
As long as the price remains below 39,900 and 40,020, the trend indicates a potential downward movement.
Bullish Scenario:
If the CPI comes in below 3.00%, it will likely support a bullish trend, particularly if the price breaks above 40,050, with potential targets at 40,320.
Bearish Scenario:
A bearish outlook will be confirmed if the CPI matches or exceeds 3.00%, especially if the price stabilizes below 39,900, with potential declines to 39,620 and 39,260.
Key Levels:
- Pivot Line: 39,780
- Resistance Levels: 39900, 40050, 40320
- Support Levels: 39620, 39260, 39120
Today's Expected Trading Range:
The price is anticipated to fluctuate between support at 39,260 and resistance at 40,050.
previous idea:
my free signals channel telegram
t.me/Srosh_signals
~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 ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~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 ⚡️:
t.me/SM_News_24h
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.