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Instrument: DE30
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 15172.6 with take profit at 15210.7.
Bearish Preference:
A Sell position is envisaged if price trades below price 14996.8 with take profit at 14959.3.
Fundamentals:
No major fundamental.
Comment: Germany stocks were higher after the close on Monday, as gains in the Utilities, Technology and Software sectors led shares higher. European stock markets traded higher Monday, only partially unwinding Friday’s hefty losses, with travel stocks benefiting as investors reassess the potential economic damage the newly discovered omicron Covid variant might cause. Fears gripped the market last week that the variant could resist vaccinations and crush the economic recovery. New cases have been found in a number of countries, including the U.K., the Netherlands, Denmark and Australia, prompting more travel restrictions as countries try to isolate themselves.
Analysis: SCRUM Team
