The Australian share market looks set to open lower on Friday, while U.S. futures climb on Thanksgiving.
The ASX futures fell -7 points or -0.1% to 7,400, while our local currency, the Australian Dollar, is currently buying US$0.7172 (as of writing).
Futures tied to the S&P 500 rose +0.1%, pointing to the index holding on to its recent gains when markets reopen after the Thanksgiving holiday, while the Nasdaq-100 futures added +0.2%.
Meanwhile, precious metals were down, with gold rising +0.2% to $1,792 per ounce and silver added +0.02% to $23.55 an ounce.
Oil prices were mixed, with international benchmark Brent crude climbing +0.1% to $82.32 per barrel, while U.S. benchmark West Texas Intermediate lost -0.9% to $76.90 a barrel.
Iron ore prices rose +0.4% to $US102.35 a tonne, while cryptocurrencies tumbled after Bitcoin, the world’s largest cryptocurrency by market value, gained +3.4% and traded at $US58,998.50 (as of writing).
Based on the daily technical assessment of the S&P/ASX 200 (XJO), a weaker opening is foreseen, with the support considered (minor) at 7,345, with 7,315 viewed beneath. Reassess from there.
The resistance is assessed from 7,385 (minor), with 7,420 located firmer above.
Daily outlook on the benchmark S&P/ASX 200