📉DE30 breaks below key support❗

8:28 AM 19 July 2021

Rising number of new Covid-19 cases weigh on market sentiment

DE30 launched today's session lower amid rising concerns over surge of Covid-19 cases globally and inflation. Also destruction caused by massive flooding around Germany and Belgium over the last few days could also weigh on sentiment this week. From a technical standpoint, German index broke below the lower limit of the ascending channel and if current sentiment prevails then support at 15123.4 pts may be at risk.

DE30, interval D1. Source: xStation5

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