Instrument: DE30
Bullish Preference:
A Buy position is envisaged if the price trades above 14959.9 with take profit at 15005.2
Bearish Preference:
A Sell position is envisaged if the price trades below 14852.9 with take profit at 14802.2
Fundamentals:
1:30 PM ECB President Lagarde Speaks
Comment:
European markets presented a mixed outlook on Tuesday, with DAX and Stoxx 600 taking center stage.
The Stoxx 600 slightly dipped by 0.06%, even as mining stocks gained 1%. Banking stocks suffered, dragged down by Barclays’ 6% decline after their Q3 report.
Germany’s DAX remained relatively stable, recording a minuscule 0.01% decrease to 14,799.43.
Analysis: SCRUM Team