Hello traders. Just a quick one today, because I had a couple of web-hosting issues this morning which delayed my ability to do this article. So this one will just be the charts and key levels and the regular analysis will return on Monday. As it’s Black Friday, perhaps there is a bias towards the upside for the cash markets, given the increase in expected retail sales figures. But, I will probably take that with a pinch of salt today.
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Double bottom limiting the downside. Overhead press (downsloping high-to-high trendline) limiting the upside.
Trend defining levels 11418 and 11009
Bearish below 418.
Break below 11009 to continue trend
See the key levels below
|Point of Control :||11182||6974||24485||3135|
|Value Area High :||11187||6993||24556||3140|
|Value Area Low :||11145||6959||24417||3129|
|Camarilla Breakout (Bull)||11232||7024||24553||3145|
|Camarilla Breakout (Bear)||11070||6905||24285||3109|