Daily Market Analysis 29/11/2021: US100

Instrument: US100

Technical Analysis

Bullish Preference: 
A Buy position is envisaged if price trades above 16259.83 with take profit at 16286.84.
Bearish Preference: 
A Sell position is envisaged if price trades below price 16175.45 with take profit at 16149.55.
U.S ZONE: Pending Home Sales m/m (4PM)

Comment: Black Friday took on a new meaning on Friday as risk markets across the globe slump on fears that a newly-identified Covid-19 variant may force countries to re-introduce new vaccination restrictions or lockdowns.

Analysis: SCRUM Team

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