Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13803.1 with take profit at 13813.3
Bearish Preference:
Sell position is envisaged if price trades below 13741.3 with take profit at 13727.4
Fundamentals:
No Major Fundamental
Comment:
European markets moved higher on Thursday, boosted by strong gains on Wall Street overnight after weaker-than-expected U.S. inflation eased the pressure on the U.S. Federal Reserve to aggressively tighten monetary policy. The rally in Europe follows a positive lead from major indices in the U.S., with the blue chip Dow Jones Industrial Average closing up over 500 points, or 1.6%.
Analysis: SCRUM Team