Daily Market Analysis 27.06.2022: DE30

Instrument: DE30

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 13239.3 with take profit at 13263.7
Bearish Preference: 
Sell position is envisaged if price trades  below 13133.6 with take profit at 13109.2
No major fundamental     

European shares hit a two-week high on Monday, boosted by miners as an easing of COVID-19 restrictions in China lifted global commodities and assuaged inflation fears, while Prosus shares rallied on the Dutch company’s plans to trim its Tencent stake. The continent-wide STOXX 600 index (.STOXX) gained 1.1%, mirroring a sharp rebound on Wall Street late last week as investors lowered their concerns over persistently high inflation.

Analysis: SCRUM Team

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