❗Stock market indices in retreat after news that Nord Stream pipeline gas supply has been halted
After 5:20 pm BST, the market was hit by reports that gas transport through the Nord Stream pipeline in accordance with halted until the defects are resolved (without a specific date). Earlier fears assuming an extension of the "3-day conservation" thus proved correct.
The reaction on the German DE30 index was instantaneous. Moments before the news of the halt emerged, the stock tested a key resistance at 13051 points, which was the result of equality with the previous upward correction. Subsequently, the index took a 200-point dive, and currently the price is approaching support at 12825 points, which is the result of previous price reactions and the 50% Fibonacci measure.
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Source: xStation5
