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Daily Market Analysis 01/12/2021: DE30

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

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