Recovery attempt did not work in the market during the European opening as South Korea reported 115 coronavirus cases across the country. Markets fear that multiplication of travel restrictions could quickly translate into a global recession and that causes a sharp adjustment to indices that were testing all-time highs as recently as last week! After breaking 12900 support DE30 is now close to the key test – 12465 support line.

Daily summary: Oil still pressures Wall Street despite favorable CPI data 🗽
Mixed sentiments on Wall Street amid Iran war🗽Oracle shares surge 10%
Market Wrap: Market awaits Middle East resolution and US CPI🕞
📈US100 bounces back above the 100-day EMA