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Daily Market Analysis 06/12/2021: DE30

Instrument: DE30

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 15337.5 with take profit at 15377.4.
Bearish Preference: 
Sell position is envisaged if price trades below 15245.3 with take profit at 15212.6.
Fundamentals:
No major fundamental


Comment: Germany stocks were lower after the close on Friday, as losses in the Retail, Consumer & Cyclical and Industrials sectors led shares lower. At the close in Frankfurt, the DAX lost 0.61%, while the MDAX index lost 0.19%, and the TecDAX index fell 0.38%. Dax started this week with a gap up which triggered a net-long for traders. Sentiments show that traders are beginning to take up a buy position on the instrument.

Analysis: SCRUM Team

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