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Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13239.3 with take profit at 13263.7
Bearish Preference:
Sell position is envisaged if price trades below 13133.6 with take profit at 13109.2
Fundamentals:
No major fundamental
Comment:
European shares hit a two-week high on Monday, boosted by miners as an easing of COVID-19 restrictions in China lifted global commodities and assuaged inflation fears, while Prosus shares rallied on the Dutch company’s plans to trim its Tencent stake. The continent-wide STOXX 600 index (.STOXX) gained 1.1%, mirroring a sharp rebound on Wall Street late last week as investors lowered their concerns over persistently high inflation.
Analysis: SCRUM Team
