Monday, October 24, 2016

Financial markets - Stabilizing opening is expected for European markets .. - DAX 30

Market comment ..

Good morning Europe -   Stabilizing opening is expected for European markets, with a small positive, following the standby attitude from investors observe the last meetings ... Mixed picture show this morning the Asian markets after the Japanese economic data . Gold recorded small losses  0,11% in the $ 1,266,30 ..  small losses and for Brent oil 0,27%  at $ 51,64 .. and for  the EUR / USD rate small profit 0.36%   to 1.0888  ... The Traders Maybe you should move to a risk management of the portfolio as markets are stagnant, moving to over bought price levels ...


DAX 30



The DAX futures of ... shortly before the opening of markets are moving with small gains of 0.30% to 10.7370 m .. marginally below the pivot point of 10,800 m .. keeping the short-term upward trend as still moving over the Kumo cloud ichimoku ...



DAX futures



The German index for the third consecutive time moving around the strong resistance of 10.747 m .. having earlier reacted positively to the support zone of Coreper on 9 .. 10 630 m .. they took profit .. but with positive reset. 


But it should be noted, however ... it is very possible ... the German index despite low profits liquidation notice ... around the resistance level of 10.747 meters to try to move higher before any corrective move. ... mainly because of the preservation of the purchasing signal from the oscillator pointer MACD ... low and above the average values ​​of the area .. in any case the attention of Traders should be increased because the entry pointer fast stochastic ... a super purchased price band ... and sectioning the on resistance of ...




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