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Instrument: DE30
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 14519.0 with take profit at 14590.1.
Bearish Preference:
A Sell position is envisaged if price trades below 14303.5 with take profit at 14218.7.
Fundamentals:
No major Fundamental.
Comment:
European stock markets sold off sharply Monday, as investors digested the news of Western governments ramping up the sanctions on Russia and President Vladimir Putin placing his country’s nuclear deterrent on high alert. The abject start to the week comes after Western nations announced plans over the weekend to further sanction Russia as it continued to strike targets in Ukraine, excluding some Russian banks from the SWIFT financial messaging system, used by most financial institutions around the globe for trillions of dollars worth of transactions. Payment for Russian energy supplies will, however, still be possible.
Analysis: SCRUM Team
