Instrument: DE30
Bullish Preference:
A buy position is envisaged if price trades above 16806.0 with take profit at 16822.2
Bearish Preference:
A sell position is envisaged if price trades below 16762.7 with take profit at 16744.4
Fundamentals:
None with Expected High Impact
Comment:
Global stocks continue their rise, notching its longest weekly wining streak since 2019 after a stronger-than-expected jobs report added to optimism that the U.S. economy will avoid a recession amid ongoing bets for a rate cut early next year.
Analysis: SCRUM Team