Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14447.5 with take profit at 14465.1
Bearish Preference:
Sell position is envisaged if price trades below 14410.6 with take profit at 14394.6
Fundamentals:
No Major Fundamental
Comment:
European stock markets traded lower after a series of protests in China over the weekend, against strict mobility restrictions to combat the country’s ongoing COVID outbreak, hit sentiment and threatened to weigh on economic activity. At 03:45 ET (08:45 GMT), the DAX index in Germany traded 0.4% lower, CAC 40 in France traded down 0.5% and the FTSE 100 in the U.K. fell 0.7%. Rare, widespread protests occurred across China over the weekend as the populace rebelled against strict coronavirus curbs put in place as COVID-19 infections hit a fifth daily record.
Analysis: SCRUM Team