S&P 500
Real-time World - 07/19 10:10:00 pm

+0.2% in early trade

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10/05/2016 | 03:24 pm
Opinion : Check out the trading range breakout 2139 / 2180 
Unlike European markets which are losing ground today amid uncertainty about the evolution of the monetary policies of european central banks, the S&P500 should start the session slightly up 0.2%, supported by the increase of oil sector.

As for statistics, the ADP non-farm employment has reported job creation 154K VS 166K expected and the US trade balance came out at -40.7B. Furthermore, the ISM services is expected at 10AM and crude oil inventories will be announced at 10.30AM.

Graphically, no change, indecision continues and the US index still oscillates within the trading range 2139/2180 points. The output of this area will be expected for act one way or another.
Sébastien Gatel
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