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Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13753.5 with take profit at 13838.0
Bearish Preference:
Sell position is envisaged if price trades below 13459.2 with take profit at 13368.4
Fundamentals:
No major fundamental
Comment:
European stock markets are expected to open lower Monday as investors continue to fret about slowing global growth and central banks tighten monetary policy to combat soaring inflation. European stocks fell last week, with the DAX led lower by a slump on Wall Street after the Federal Reserve lifted interest rates by 50 basis points and pointed to further increases of a similar size in the months ahead.
Analysis: SCRUM Team
