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