Daily Review Opening Week 2.12.2024
2024-12-02

Hi friends, good morning, an interesting day for us after 4 days when the market was closed due to a holiday in the US, enough time to rest and plan our next moves on the market.

In terms of news, a relatively calm day with two interesting 3-star reports (stars indicate the level of importance of the lowest report, 1 to 3 being the most influential).

Purchasing Managers' Index - Manufacturing Sector (Nov) Neutral outlook, if it is above 48.8, positive trends in the market are expected.

ISM Manufacturing Sector Index (Nov) Negative outlook, we would like to see a more neutral or positive result in practice, when the results come out we will know how to act.

Technically, we are currently stuck in a trending TR (trading range), I would not rule out continued declines, although it seems that we have turned to increases, especially in light of the declines that opened the weekly candle for us.