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Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14099.8 with take profit at 14135.8
Bearish Preference:
Sell position is envisaged if price trades below 13963.4 with take profit at 13911.7
Fundamentals:
No Major Fundamental
Comment:
European stock markets were lower after early trading on Tuesday, as reminders of the risks to global growth from both China and the U.S. put a quick end to Monday’s relief rally. Disappointing earnings numbers from Snapchat parent Snap (NYSE:SNAP), combined with disappointment at the modest nature of a Chinese fiscal stimulus package unveiled on Monday, to weigh on risk sentiment, leading to broad declines across the whole continent.
Analysis: SCRUM Team
