Instrument: DE30
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 12813.8 with take profit at 12864.8
Bearish Preference:
A Sell position is envisaged if price trades below price 12687.3 with take profit at 12634.0
Fundamentals:
No Major Fundamental
Comment:
Investors closely tracked the latest on the Nord Stream gas stoppage, which has sparked fears about winter shortages in the region and prompted European Union governments to push through multi-billion euro packages to support businesses and protect households from soaring energy bills. Shipments of Russian natural gas through the key pipeline will not resume until Siemens Energy repairs faulty equipment, Gazprom (MCX:GAZP) Deputy Chief Executive Officer Vitaly Markelov told Reuters.
Analysis: SCRUM Team