Technical Analysis:
Currently US30 is at weekly support and for short term view we can see both equal lows and equal highs present in US30. If price clears equal lows liquidity first then we will look for buying opportunity from down and if price clears Liquidity from equal highs first we will look for opportunities to sell till equal lows.
Fundamentals:
Wall Street futures pointed moderately higher pre-bell Tuesday as traders regained footing and looked for values after recent bear moves on global equities markets.
In the futures, the S&P 500 rose 0.9%, the Nasdaq edged 0.8% higher and the Dow Jones was up 0.6%.
The CME Fedwatch Tool projects a 78% chance of a 50-basis-point rate cut by the US Federal Reserve at their mid-September policy meeting.
Asian exchanges traded mostly higher overnight, led by a 10% rebound in Tokyo, following Monday's 12% fall. The tech-centric Seoul and Taiwan broad-market indices both rose more than 3% on the day.
European bourses were steady midday on the continent.
Caterpillar (CAT) traded up 7.3% pre-bell after reporting Q2 results above consensus before the market open.
Duke Energy (DUK) traded evenly pre-bell after reporting higher Q2 adjusted earnings and operating revenue.
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