30 Nov, 2016 (9:09AM IST)
29 November 2016 (10:39 PM EST)
U.S. stock futures have started to slide down in negative territory, indicating a weak session in global markets today. Asian markets had already been trading mixed and U.S. markets had closed with minor gains overnight.
Global stock markets have turned range bound, waiting for the Fed’s meeting in second week of December and this week, markets are cautious before the referendum in Italy which can make or break the Italian government and its fiscal reform process.
Any index that trades below its 20-Day Moving Average on hourly chart could have a negative session today. Traders should also keep an eye on lower support levels since range bound markets tend to bounce back between support and resistance levels.
Good luck, enjoy the session!