The German benchmark index is trading over 0.60% higher on Thursday after bouncing off the 50-day moving average.
D1 chart
The DE30 could form a reversal candle in the form of a bullish engulfing today, as the futures opened lower in pre-market and the intraday gains were later extended to more than 100 points. Resistance at 15,680 points is the last major hurdle before the all-time high, while the 20-day moving average acts as short-term support.
Source: xStation 5
M30 chart
Since this morning, the buyers have also regained the advantage on the M30 chart, as the following resistances were overcome after yesterday's bounce off the 38.2% Fibonacci retracement: 200 EMA, medium-term downtrend line and resistance zone at 15,560 points. Setbacks should therefore be seen as potential entry opportunities for the time being.
Source: xStation 5
Maximilian Wienke, CFTe
XTB Germany
ملخص اليوم: تقلبات حادة في السوق! الأسواق ترتفع، والنفط ينخفض إلى ما دون 100 دولار!
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