Daily Market Analysis 24/11/2021: US100

Instrument: US100

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 16320.78 with take profit at 16353.24.
Bearish Preference: 
Sell position is envisaged if price trades below 16218.22 with take profit at 16176.68.
Fundamentals:2:30pm USD Prelim GDP q/q USD Unemployment Claim
4:00pm USD Core PCE Price Index m/m
8:00pm USD FOMC Meeting Minutes

Comment: The slump for the Nasdaq came as the benchmark 10-year Treasury note rose to yield 1.665% to mark its highest yield since Oct. 21, according to Dow Jones Market Data. In corporate news, shares of Zoom Video Communications Inc. fell nearly 15% after company executives detailed falling revenue on a conference call late Monday.

Analysis: SCRUM Team

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