Instrument: DE30
Technical Analysis
Bullish Preference:
Buy is envisaged if price trades above 13707.25 with take profit at 13717.50.
Bearish Preference:
Sell is envisaged if price trades below 13642.15 with take profit at 13623.10.
Fundamentals:
No Major Fundamentals
Comment: Germany stocks were mixed after the close on Monday the first trading day of the new year, as gains in the Retail, Utilities and Pharmaceuticals & Healthcare sectors led shares higher while losses in the Insurance, Software and Media sectors led shares lower. Despite the optimism over vaccines, investors are still sounding caution over the path of the virus, which continues to spread amidst the discovery of a new strain. “The virus retains the upper hand for a while longer,” said Karl Steiner, chief quantitative strategist at SEB, noting that vaccinations have had an uneven start, characterized by vaccine shortages, vaccine resistance and delays.
Analysis: SCRUM Team
