Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15270.7 with take profit at 15298.9.
Bearish Preference:
Sell position is envisaged if price trades below 15196.3 with take profit at 15170.0.
Fundamentals:
No Major fundamental
Comment:
Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 409 to 283 and 79 ended unchanged. Europe’s equivalent of Wall Street’s fear gauge — an index that calculates how volatile investors expect stocks to behave in the short term — is currently trading more than 50% above its 2021 average, indicating how increased demand is pushing hedging costs up. Unnerved by the saber-rattling between Russia and the West over Ukraine, traders are scouring global markets for investments that could provide them with protection against losses in case the conflict escalates.
Analysis: SCRUM Team