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Daily Market Analysis 07.10.2022: DE30

Instrument: DE30

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 12507.4 with take profit at 12538.9
Bearish Preference: 
Sell position is envisaged if price trades below 12388.5 with take profit at 12366.0
Fundamentals:
No major fundamental

Comment: 
European shares edged lower on Thursday, paring back early gains, after stocks in the U.S. fell following fresh job market numbers and a deep output cut by the OPEC+ group of producer nations.

Analysis: SCRUM Team

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