Friday, June 10, 2016

Stabilizing opening is expected in the European markets .. DAX 30 short turn around ..

Market comment ..


Reuters
The Economic spreadbetter expect the FTSE 100 of Britain will open around 12 points lower, or 0.20% the DAX of Germany will open 9 points lower, or 0.10%, and France's CAC 40 will fall 10 points, or 0,2%

DAX 30


The DAX futures of ... shortly before the opening of markets driven by falling 0.24% to 10,059 m .. 60 m below the support of EMA 21 .. to 10.124 m .. following a downward path .. on the side supporting 10,040m .. in the EMA region 50 ..



DAX futures




The German index after the rejection made in lateral resistance to 10.305 m .. broke with relative ease to support the EMA to 9 .. 10 175 m .. giving signal to change the short-term trend to bearish ... breaking yesterday and the support of 21 EMA .. driving the prices down .. to the side support 10 040 .. in the EMA region 50 .. it is expected to perform rotation .. with possible positive bounce to the 21 EMA. . as the oscillator pointer fast stochastic .. who cut giving voltage change in the neutral zone .. prices will hit the support ..

However it should be taken into account the fact that the oscillator MACD index ... after negative angle noted .. is very likely to give output ... in the neutral zone aggravating the technical picture ... a picture which as prices move in the upper edge of the Kumo cloud ichimoku enhances short dearish perspective with the potential to put to test first the support of 9,990 m .. and 9.770 m 


source market data http://www.reuters.com/





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