Daily Review for November 09, 2021
The European market is presenting mixed movements, awaiting the statements of Christine Lagarde as president of the European Central Bank.
OPEC+ announced that it could increase production depending on the increase in the current level of demand.
Coinbase, Biontech and NIO present results. Traders are aware of Coinbase’s financial results.
Cryptos confirm the rally. Bitcoin approaches USD$70,000. Whales continue in the market.
| DAX 40 -0.06% |
| The market in Europe is aware of European Central Bank President Christine Lagarde’s statements on monetary policy and tapering. Traders are waiting to see whether the ECB will continue with a pro-market strategy, or seek to align itself with the Fed’s strategy of keeping inflation at the maximum level of 2% per annum. Meanwhile, indices in Europe are mixed, with major rises in the ATX and declines in the MIB. At the moment the DAX 40 is down 0.06% and is trading at 16.010. |
 |
| Support 1: 15,990.4 Support 2: 15,980.2 Support 3: 15,972.9 Resistance 1: 16,007.9 Resistance 2: 16,015.2 Resistance 3: 16,025.4 Pivot Point: 15,997.7 |
| The index remains above the 200-day moving average. At the moment it is looking to bounce off support 1, looking for the pivot point to change the trend. Likewise, the price is moving sideways. Bulls are looking to keep the index above 16,000 points. |
| WTI +0.01% |
| New announcement from OPEC+, in which they state that they could increase production if demand increases in the same way. On the other hand, Shale production in the United States returns to the market. With the current price level, producers are operating in every possible way to sell as much volume as possible. Similarly, the opening of air borders continues, and airlines begin hedging on jet fuel futures prices. In the meantime, Russia assures that the price above USD$80 per barrel reflects the current market situation. |
 |
| Support 1: 81.74 Support 2: 81.06 Support 3: 80.39 Resistance 1: 82.78 Resistance 2: 83.39 Resistance 3: 84.13 Pivot Point: 82.04 |
| The price is slightly below the 200-day moving average. At the moment, it is at the same level of the pivot point. If the market changes trend, it could look for resistance 2 or support 3. Pivot point at USD$82.04. RSI neutral. |
| NASDAQ 100 -0.05% |
| Today Coinbase, Biontech and NIO present results. The market is focus on Coinbase’s results, a company that has presented liquidity pressure, but the performance of cryptos in the last quarter may have favored its finances. The market expects EPS of 1.73 and Operating Income of USD$1.57 billion. Traders are also revising BionTech performance, which sales performed based on the supply of vaccines. Finally, NIO, as a possible competitor of Tesla, presents results. The company’s sales are expected to reach USD$9.24 billion. |
 |
| Support 1: 16,321.5 Support 2: 16,316.1 Support 3: 16,308.9 Resistance 1: 16,334.1 Resistance 2: 16,341.3 Resistance 3: 16,346.7 Pivot Point: 16,328.7 |
| The index continues above the 200-day moving average. Since yesterday it has been moving sideways. Possible market reaction to the ECB statements. Expected trading range between 16,308 and 16,346. Pivot point at 16,328. RSI neutral. |
| BITCOIN +3.11% |
| Crypto rally is confirmed. Bitcoin is currently up 3.11% and is trading at USD$67,973. Bulls continue to look for USD$70,000. The rally has been driven by the Whales, which have come in with significant volume over the last week. Ethereum continues to set record highs. Traders are keeping an eye on Coinbase’s results. The more optimistic ones, project the price of Bitcoin at USD$98,000 by the end of the year. |
 |
| Support 1: 63,700 Support 2: 62,507 Support 3: 60,558 Resistance 1: 66,205 Resistance 2: 67,398 Resistance 3: 69,904 Pivot Point: 65,012 |
| The price continues above the 200-day moving average which is a bullish signal for Bitcoin. Expected trading range between USD$60,558 and USD$69,904. Pivot point for trend change at USD$65,012. RSI in overbought zone. |
| Sources |
| Reuters Market watch Bloomberg InvestFW Market Research |
RISIKOHINWEIS
Alle Informationen/Artikel/Materialien/Inhalte, die von InvestFW zur Verfügung gestellt oder auf seiner Website angezeigt werden, sind ausschließlich zu Informationszwecken bestimmt und stellen keine Anlageberatung oder eine Beratung darüber dar, wie der Kunde handeln sollte
Obwohl InvestFW bemüht ist, die Richtigkeit des Inhalts dieser Informationen sicherzustellen, kann InvestFW nicht für Auslassungen/Fehler/Fehlkalkulationen verantwortlich gemacht werden und kann nicht für die Richtigkeit des Materials oder der darin enthaltenen Informationen garantieren
Daher geschieht alles, was Sie in Vertrauen auf dieses Material tun, ausschließlich auf Ihr eigenes Risiko. Bitte beachten Sie, dass die Verantwortung für die Nutzung dieser Informationen beim Kunden liegt und InvestFW keinerlei Haftung für Verluste oder Schäden, einschließlich, aber nicht beschränkt auf, entgangene Gewinne übernimmt, die direkt oder indirekt aus der Nutzung dieser Informationen oder dem Vertrauen auf diese Informationen entstehen können
Risikowarnung: CFDs sind komplexe Instrumente und bergen aufgrund des Hebels ein hohes Risiko, schnell Geld zu verlieren. 81% der Privatanlegerkonten verlieren Geld, wenn Sie CFDs mit diesem Anbieter handeln. Sie sollten sich überlegen, ob Sie verstehen, wie CFDs funktionieren und ob Sie sich das hohe Risiko, Ihr Geld zu verlieren, leisten können.
Sie sollten sicherstellen, dass Sie je nach Land, in dem Sie Ihren Wohnsitz haben, mit den Produkten von InvestFW handeln dürfen. Bitte stellen Sie sicher, dass Sie mit den Risikohinweisen des Unternehmens vertraut sind
