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Daily Market Analysis 16.12.2022: DE30

Instrument: DE30

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 14121.5 with take profit at 14149.5
Bearish Preference: 
Sell position is envisaged if price trades below 14047.4 with take profit at 14019.5
Fundamentals: 
9:30am EUR German Flash Manufacturing PMI
EUR German Flash Services PMI

Comment: 
European stock markets weakened Thursday, as investors fretted about future growth given a hawkish message from the U.S. Federal Reserve and ahead of more central banks meetings in Europe and the U.K.

Analysis: SCRUM Team

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