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Daily Market Analysis 28.11.2023: US100

Instrument: US100

Bullish Preference: 
A buy position is envisaged if the price trades above  16018.97  With take profit at 16039.87
Bearish Preference: 
A sell position is envisaged if the price trades below 15985.52 with Take profit at 15955.65
Fundamentals:
4:00pm USD Prelim UoM Consumer Sentiment

Comment: 
U.S. stock index futures were largely muted on Tuesday, as investors awaited comments from a host of Federal Reserve officials for clues on the monetary policy path. Zscaler shares declined following the company’s quarterly update.

Wall Street ended lower on Monday with investors taking a post-Thanksgiving pause, though all three major indexes remained on course for monthly gains, snapping three straight months of losses, on growing rate cut optimism.

Analysis: SCRUM Team

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