Nasdaq futures power higher as Twitter leads the way:
. News out from Reuters suggests more action from the United States with reports that the US is not allowing custodian banks to process Russian debt coupon payments. This edges Russia closer to a sovereign default. The daily chart below for Nasdaq futures shows the current strong rally has begun to run out of steam. Resistance is at 15259 and just above 15537.
Nasdaq futures have repeatedly stalled at 15259 and the 200-day moving average at the level only adds to resistance. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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