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Daily Market Analysis 17/11/2021: US100

Instrument: US100

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 16344.00 with take profit at 16364.29
Bearish Preference: 
Sell position is envisaged if price trades below 16265.55 with take profit at 16247.97
Fundamentals:
3:10pm USD FOMC Member Williams Speaks


Comment: U.S. retail sales rose more than expected in October, a report showed Tuesday, building on momentum from last week when data showed consumer prices rising at the highest rate since 1990.

Analysis: SCRUM Team

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