Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14267.9 with take profit at 14304.8
Bearish Preference:
Sell position is envisaged if price trades below 14152.2 with take profit at 14116.7
Fundamentals:
No high impact fundamental
Comment:
European stock markets largely edged higher Thursday, rebounding after the previous session’s sharp losses on the aggressive stance by Federal Reserve policymakers, but the U.K. market underperformed with oil major Shell (LON:RDSa) lifting the cost of writing off its Russian assets. The major corporate news Thursday came from the much-watched oil sector, as U.K. energy giant Shell stated it will write down up to $5 billion following its decision to exit Russia, higher than previously disclosed.
Analysis: SCRUM Team
