Instrument: DE30
Technical Analysis
Bearish Preference:
Sell is envisaged if price trades below 13839.0 with take profit at 13798.9.
Bullish Preference:
Buy is envisaged if price trades above 13971.5 with take profit at 13982.5
Fundamentals:
8:00am EUR German Final CPI m/m
All day ECOFIN Meetings
11:00am German ZEW Economic sentiment
Comment: Germany stocks were higher after the close on Monday, as gains in the Consumer & Cyclical, Technology and Retail sectors led shares higher, Global stock markets still remains on a short as soaring COVID-19 cases offset investor hopes of a quick economic recovery globally, and not reassured by healthy-looking Chinese economic growth. data showing that only the Chinese economy rebounded faster-than-expected in the fourth quarter of 2020.
Analysis: SCRUM Team