Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14564.6 with take profit at 14595.0
Bearish Preference:
Sell position is envisaged if price trades below 14502.0 with take profit at 14476.0
Fundamentals:
None with high impact on the commodity
Comment:
European stock markets traded higher Monday, helped by gains in Asia as major Chinese cities begin to ease mobility restrictions even as elevated Spanish inflation increased the pressure on the European Central Bank. Shanghai is aiming to exit a two-month COVID lockdown on June 1, while Beijing reopened some parts of public transport on Sunday as well as some malls as infections stabilized.
Analysis: SCRUM Team