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Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15564.2 with take profit at 15605.3.
Bearish Preference:
Sell position is envisaged if price trades below 15467.4 with take profit at 15432.5.
Fundamentals:
11:00am EUR ZEW Economic Sentiment
EUR German ZEW Economic Sentiment
Comment: Germany stocks were mixed after the close on Monday, as gains in the Telecoms, Industrials and Insurance sectors led shares higher while losses in the Retail, Construction and Food & Beverages sectors led shares lower. The German Index started the new week on a positive note despite weak German industrial orders amid hopes that the omicron variant of Covid-19 may be less dangerous than previous strains of the disease. The International Monetary Fund warned Friday that it is likely to lower its global economic growth estimates due to the new variant.
Analysis: SCRUM Team
