Instrument: DE30
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 15326.3 with take profit at 15378.0.
Bearish Preference:
A Sell position is envisaged if price trades below price 15178.3 with take profit at 15131.8.
Fundamentals:
No Major Fundamental
Comment: Uncertainty about the COVID-19 pandemic has not dented prospects for European stocks to hit record highs in 2022, boosted by a recovery in corporate profits, according to a Reuters poll of 23 fund managers, strategists and brokers. Euro zone economic sentiment eased in November amid consumer concerns about a fourth wave of the coronavirus, while German business morale deteriorated for the fifth consecutive month in November as supply bottlenecks hit manufacturing.
Analysis: SCRUM Team