Daily Market Analysis 18.11.2022: DE30

Instrument: DE30

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 14369.2 with take profit at 14388.7
Bearish Preference: 
Sell position is envisaged if price trades below 14295.6 with take profit at 14281.6
No high impact fundamental

European stock markets are expected to open higher Friday, helped by U.K. consumer confidence edging higher in the wake of the country’s Autumn Statement, but gains are likely to be tentative as the regional economic outlook remains bleak.

Analysis: SCRUM Team

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