Technical alert: DE30

12:19 PM May 13, 2020

DE30 broke below the consolidation range at the end of yesterday’s session and downward move accelerated. The German index is trading lower on the day. However, following a bearish gap at the open of futures trading, recovery started. The area between 10,730-10,750 pts is the key resistance for now. As long as the price sits below, the trend remains downward. But in case of breaking higer, the bigger upward correction may occur. 

DE30 M15 interval. Source: xStation5

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