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Daily Market Analysis 24|11|2020: US30

Instrument: US30

Technical Analysis

Bullish Preference: 
Buy is envisaged if price trades above 29850 with take profit at 29938.
Bearish Preference: 
Sell is envisaged if price trades below 29716 with take profit at 29632.
Fundamentals:
USD CB Consumer Confidence 4PM

Comment: U.S. private sector business activity rose sharply in November, as growth momentum picked up further. The overall expansion was the fastest for over five-and-a-half years, as both manufacturers and service providers indicated a steeper upturn in output. 
The Market prices have never in history traded above 30022 for the Dow, so it is a new horizon in the US shares markets.

Analysis: SCRUM Team

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