Monday, June 13, 2016

Strong decline expected the opening of the European market ... bearish trend for DAX 30 ..

Market comment ..

Reuters
The Economic spreadbetter expect the FTSE 100 of Britain will open down about 0.80% in futures the STOXX 50 the DAX of Germany, and France's CAC 40 will fall from 1.2 to 1.4% ...

DAX 30




The DAX futures of ... shortly before the opening of markets driven by falling 1.62% to 9679 m .. under the support of 9765 m .. and the lower edge of the Kumo cloud ichimoku .. confirming the bearish short term trend of the market ..


DAX futures




In this market, the trend has now turned very bearish on .. with the bears have the first place .. after the disintegration of the diagonal support from the low of 9484 m .. the level of 10 045 m .. The big downside candle Friday ordered the oscillator pointer fast stochastic .. invalidate the input signal ... up in the neutral zone price .. and the oscillator MACD indicator .. cut downward confirming the output .. the bulls are very likely to try to temporarily regain control of the market .. at the level of 9765 meters ... but any failure .. is very likely to exacerbate the technical picture with interest now turns to cut the supports at 9600 m .. the exaggeration due concerns in the German market for the British referendum ... to lay claims to the table ... the level of 9485 m ..



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



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