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Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 16182.6 with take profit at 16197.5
Bearish Preference:
Sell position is envisaged if price trades below 16146.6 with take profit at 16130.5
Fundamentals:
No major fundamental
Comment: Germany stocks were mixed after the close on Monday, as gains in the Retail, Media and Utilities sectors led shares higher while losses in the Telecoms, Chemicals, and Software sectors led shares lower. European stock markets are expected to open largely unchanged Tuesday, as investors digest a key meeting between U.S. President Joe Biden and Chinese leader Xi Jinping as well as rising Covid-19 cases in the region.
Analysis: SCRUM Team
