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Instrument: DE30
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 14873.1 with take profit at 14997.9.
Bearish Preference:
A Sell position is envisaged if price trades below 14629.2 with take profit at 14527.2.
Fundamentals:
None with high impact
Comment:
Germany put a new Russian gas pipeline on ice and Britain hit Russian banks with sanctions as the West responded to Moscow’s recognition of two separatist regions in Ukraine and a speech by President Vladimir Putin suggesting more belligerent aims. Germany’s DAX fell the most among major European indexes, as it is seen as more vulnerable due to the country’s heavy reliance on Russian gas supplies.
Analysis: SCRUM Team
