Instrument: DE30
Technical Analysis
Bearish Preference:
A sell position is envisaged if price trades below price 14073.9 with take profit at 14046.4
Bullish Preference:
A Buy position is envisaged if price trades above 14152.4 with a take profit at 14177.3
Fundamentals:
No major economic event
Comment: DE30 closed higher on Friday on lackluster trading ahead of the long U.S. holiday weekend. Opening today on a Gap-up Despite the relatively light volume caused by the sentiments that stocks have reached its max, there were enough buyers to push the stocks highs. We expect the stock to cover up the Gap today.
Analysis; SCRUM Team