The German stock index DAX 30 tries to return to growth as market participants expect the data on consumer inflation. Investors believe that the price pressure in the euro zone’s largest economy will grow and will beep to reduce the threat of deflation. In addition, industrial PMI from Markit, published today, was recorded at 51.1%, signaling continued economic growth.
European stocks have been under pressure in recent days amid uncertainty around Greece, but at relatively low levels, investors are actively buying cheapened stocks moving up quotes. We are looking for shopping opportunities in the preparation of technical signals the resumption of the uptrend.
|Dax futures chart|
Support and resistance levels
Support 1 11340
Support 2 11215
Current price: 11489
Resistance 1 11695
Resistance 2 11800
Dax futures (FDAX) – buy dax – Purchases, if quotes close above the resistance level of 11490. The purpose – 11695. Stop-Loss = 11340
Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee the results obtained.