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Daily Market Analysis 20.05.2022: DE30

Instrument: DE30

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 14070 with take profit at 14084.7
Bearish Preference: 
Sell position is envisaged if price trades below 14026.7 with take profit at 14014.5
Fundamentals:
No Major Fundamental

Comment: 
Asian shares jumped on Friday after China cut a key lending benchmark to support a slowing economy, but a gauge of global equities remained set for its longest weekly losing streak on record amid investor worries about sluggish growth.

Analysis: SCRUM Team

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