Instrument: DE30+
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13472.1 with take profit at 13525.2
Bearish Preference:
Sell position is envisaged if price trades below 13346.5 with take profit at 13301.5
Fundamentals:
No Major Fundamental
Comment:
European shares closed higher on Friday, as upbeat cues from Wall Street helped offset early losses emanating from weaker commodity prices and mixed earnings reports. After falling as much as 1.1% earlier, the pan-European STOXX 600 index rose as the session wore on, closing up 0.1% at a fresh five-week high.
Analysis: SCRUM Team