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Instrument: DE30
Technical Analysis
Bearish Preference:
A sell is envisaged if price trades below 14341.0 with take profit at 14310.5.
Bullish Preference:
A buy is envisaged if the price trades above 14403.9 with take profit at 14423.5.
Fundamentals:
No major fundamental
Comment: European stock markets pushed higher Monday helped by gains from the oil majors as crude prices soared, while hopes for a global recovery from the Covid-19 pandemic also supported financial stocks..
Banking and insurance stocks were also supported by the ongoing rise in bond yields, even though the economic recovery appears likely to arrive later in continental Europe than in the U.S. and U.K. due to delays in rolling out vaccines against Covid-19.
Analysis: SCRUM Team
