Tuesday, June 7, 2016

Stabilizing opening is expected in the European markets ... positive sign - DAX 30

Market comment ..

Reuters
The Economic spreadbetter expect the FTSE 100 of Britain will open about 6 points lower, or 0.10% the DAX of Germany will open 15 points higher, or 0.15%, and France's CAC 40 will open almost flat .. . with investors focusing on the S & P 500, which closed at a high 7 months and the possibility of rising interest rates by the FED ..

DAX 30

The DAX futures of ... shortly before the opening of markets driven by gains of 0.47% to 10,177m .. marginally above the level of  EMA on 9 .. 10 157 m ..

DAX futures



The German index   DAX  30...  was identified as ... stabilizing moved within a narrow range between Coreper range 9 to 10 155 m .. and the lateral support to 10 075 m ... to a rotation around the level of the EMA support 21 .. to 10,105m ..

In the second year we will observe that it is an ongoing formation wedge ... between the lateral resistance of 10.340 m .. and the lateral support of 10,110 meters .. with prices moving in the lower part of this .. in a sideways corrective course. .. in the upper leg area of ​​the Kumo cloud ichimoku with interest focused on splitting the diagonal in 10.180 m .. to the possible change of direction ...

It should however be noted that a small positive differential oscillator pointer fast stochastic .. with big possibility to react to the lateral support in ... 55 m .. as well as the mild converging extremities of the indicator MACD ... neutral price band with the possibility of switching voltage at this price level is increased ... in anticipation of developments ..

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


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