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Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15584.8 with take profit at 15612.9.
Bearish Preference:
Sell position is envisaged if price trades below 15529.3 with take profit at 15506.7.
Fundamentals:
10:00 am EUR ZEW Economic Sentiment
EUR German ZEW Economic Sentiment
Comment: European stock markets edged lower Monday, with investors keeping a wary eye on the oil market, while the prospect of a bidding war for Wm Morrison (LON:MRW) sparked interest across the U.K. grocery sector.
The market is cautiously waiting for news from Vienna with the Organization of the Petroleum Exporting Countries and allies, a grouping known as OPEC+, set to reconvene talks aimed at finalizing output levels for the rest of the year and beyond.
Analysis: SCRUM Team
