Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13369.9 with take profit at 13459.2.
Bearish Preference:
Sell position is envisaged if price trades below 13115.8 with take profit at 13019.7.
Fundamentals:
No major Fundamental
Comment:
Plummeting stocks, soaring commodity prices, and tightening global financial conditions following Russia’s invasion of Ukraine are clouding the outlook for markets already unsettled by the prospect of a hawkish Federal Reserve. Dax seems to be at resistance and a break to the upside could signify a further bullish move.
Analysis: SCRUM Team
