Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 12871.5 with take profit at 12886.5
Bearish Preference:
Sell position is envisaged if price trades below 12784.8 with take profit at 12769.8
Fundamentals:
No major fundamental
Comment:
Germany stocks were lower after the close on Monday, as losses in the Retail, Construction and Technology sectors led shares lower. The Daxopened higher in European trade before trimming gains as the session wore on. Germany reported its first monthly trade deficit in three decades after exports fell unexpectedly in May with the German economy heavily focused on exports.The shortfall of €1bn was the first since 1991, with cross-border sales declining 0.5%. Meanwhile, imports rose by a higher than anticipated 2.7%.
Analysis: SCRUM Team
