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Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15337.5 with take profit at 15377.4.
Bearish Preference:
Sell position is envisaged if price trades below 15245.3 with take profit at 15212.6.
Fundamentals:
No major fundamental
Comment: Germany stocks were lower after the close on Friday, as losses in the Retail, Consumer & Cyclical and Industrials sectors led shares lower. At the close in Frankfurt, the DAX lost 0.61%, while the MDAX index lost 0.19%, and the TecDAX index fell 0.38%. Dax started this week with a gap up which triggered a net-long for traders. Sentiments show that traders are beginning to take up a buy position on the instrument.
Analysis: SCRUM Team
