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Daily Market Analysis 29.11.2022: US100

Instrument: US100

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 11700.79 with take profit at 11712.09
Bearish Preference: 
Sell position is envisaged if price trades below 11659.67 with take profit at  11647.79
Fundamentals:
4pm USD  CB Consumer Confidence

Comment: 
Shares of Apple Inc fell 1.4% on Monday as growing worker unrest at the world’s biggest iPhone factory in China fanned worries of a deeper hit to the already constrained production of higher-end iPhone 14 models. Reuters reported on Friday that the Foxconn-operated plant could see a further drop in November shipments as thousands of employees quit amid discontent over strict COVID-19 restrictions to curb rising infections in China.

Analysis: SCRUM Team

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