Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14615.8 with take profit at 14639.1
Bearish Preference:
Sell position is envisaged if price trades below 14558.6 with take profit at 14531.1
Fundamentals:
No major Fundamental.
Comment:
European stock markets traded largely lower Monday, helped by a positive tone from Asia but talk of more sanctions on Russia over its invasion of Ukraine weighed. Some European Union governments are now thinking of new sanctions on Moscow after Ukrainian and European officials accused Russian forces of atrocities in the town of Bucha, denied by Russia’s defense ministry.
Analysis: SCRUM Team