DE30 has been trading in a narrow, less than 150-points trading range since the beginning of the previous week. However, thanks to upbeat US data yesterday, gains can be spotted on the Old Continent today. DE30 is the outperformer, gaining 0.5% and breaking above the upper limit of the trading range at around 15,315 pts. In case positive moods prevail, the index may target a resistance zone at 15,440-15,450 pts. This area is marked with the 161.8% exterior retracement of a recent sideways move and 127.2% exterior retracement of the pandemic shock from February-March 2020.
Source: xStation5
Daily Summary - Global Sell-Off: Stocks and Crypto Down
US OPEN: Downward Pressure on U.S. Markets Amid Government Shutdown
DE40: European indices in the shadow of risk-off sentiment
The mood for markets shifts, as risk aversion takes hold
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
