Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14260.4 with take profit at 14282.2
Bearish Preference:
Sell position is envisaged if price trades below 14137.1 with take profit at 14118.0
Fundamentals:
No major fundamental
Comment:
European stock markets are expected to open marginally higher Wednesday, struggling to maintain the week’s positive momentum as U.K. inflation data raised concerns about interest rate rises and slowing growth. With the DAX leading the way, gaining 1.6%, as investors sought out bargains after these indices had received a battering the previous week on concerns that higher interest rates to combat inflation, COVID lockdowns in China and the war in Ukraine could push the region into recession.
Analysis: SCRUM Team