US 100
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USNASDEQ 100 Futures are Price consolidation High Top

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US100 futures are higher on Wednesday, extending gains after a cooler-than-expected US Producer Price Index (PPI) report. The data eased inflation concerns, supporting risk sentiment. Oracle (ORCL) shares are surging, up more than 30% in pre-market trading following strong earnings and upbeat guidance.

The index remains bullish in structure. Price is expected to test the support area near 23,200. As long as the index holds above this level, momentum favours a move higher toward 24,200 in the next leg up.

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