Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15465.4 with take profit at 15489.7.
Bearish Preference:
Sell position is envisaged if price trades below 15382.4 with take profit at 15357.1.
Fundamentals:
No Major Fundamental
Comment: Germany stocks were lower after the close on Thursday, as losses in the Retail, Technology and Software sectors led shares to lower. Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 509 to 191 and 71 ended unchanged. European stock markets are expected to open cautiously higher Friday, helped by strong earnings from online retail giant Amazon (NASDAQ: AMZN), but with investors still digesting the European Central Bank’s hawkish turn.
Analysis: SCRUM Team