Daily Market Analysis 29/11/2021: DE30

Daily Analysis / Online Education

Daily Market Analysis 29/11/2021: DE30

Instrument: DE30

Technical Analysis

Bullish Preference: 
A Buy position is envisaged if price trades above 15391.9 with take profit at 15421.4.
Bearish Preference: 
A Sell position is envisaged if price trades below price 15264.5 with take profit at 15224.4.
No major fundamental.

Comment: European stock markets traded higher Monday, only partially unwinding Friday’s hefty losses, with travel stocks benefiting as investors reassess the potential economic damage the newly discovered omicron Covid variant might cause. Fears gripped the market last week that the variant could resist vaccinations and crush the economic recovery.

Analysis: SCRUM Team

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