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Instrument: DE30
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 15490.8 with take profit at 15504.9
Bearish Preference:
A Sell position is envisaged if the price trades below 15437.4 with take profit at 15425.7
Fundamentals:
No major fundamental
Comment:
The DAX / DE30 came close to the high for the year yesterday, but shortly before that the index turned around and fell back. There was a false breakout in the previous week – a signal of weakness after a strong rally. However, that alone is not enough to trigger a sharper decline.
Analysis: SCRUM Team
