U.S. stock index futures showed minimal movement on Friday as investors awaited a crucial employment report. This report is expected to confirm increasing slack in the U.S. labor market, potentially providing the Federal Reserve with more flexibility to cut interest rates later this year.
Technical Analysis
the price will move between 19100 and 18940 till breaking, stability above 19100 means the NFP is good and will continue the bullish trend to get 19250 and 19450
otherwise, stability under 18940 means will drop to 18820
Bullish Scenario: For the bullish trend to continue, the price needs to break above 19,100, with potential targets of 19,250 and 19,450.
Bearish Scenario: Stabilization below 19,100 would indicate a move towards 18,940. A further break below 18,940, confirmed by closing at least a 1-hour candle, would signal a downtrend towards 18,800.
Pivot Line: 19100 Resistance Levels: 19200, 19300, 19450 Support Levels: 18940, 18820, 18710Today's range is expected to be between the support at 18820 and the resistance at 19450.
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