DAX Futures Morning Update on 20 June

The DAX Futures is trading at 12,738.50 up with +0.50% percent or +63.50 point .The FTSE 100 Futures is trading at  7,598.00 up with +0.82% percent or  +62.00 point. The CAC 40 Futures is trading at 5,390.63  with a loss of -1.10% percent or  -59.84 point .  The EURO Stoxx 50 Futures is trading at 3,447.00 up with +0.58% percent or +20.00 point.

TODAY’S FACTORS AND EVENTS

It was just three trading sessions ago that the DAX was on the verge of trying to climb to its best levels since early February. However, it failed to do so after nearing the May peak and making an intra-day breach past the trend-line running off the record high.

The three-day skid took out of all the choppy price action leading up to it now has significant support around the 12600/550-area in play. It’s an important area to hold given the amount of attention it’s received since February. First it was a spot of resistance, then recently it became support.

If the market is headed for a range-bound environment, at the least, then this is the spot for ‘would-be’ longs to look to enter, as the backstop for positions is just below. However, a break would be somewhat significant and turn a solid area of support into a new form of resistance, giving shorts the upper hand.

PREVIOUS DAY ACTIVITY
For the day Germany’s DAX closed at 12,733.64 up with +0.44% percent or +55.67 point. the FTSE 100 closed at 7,671.53 up with +0.90% percent or  +68.52 point. France’s CAC 40 closed at 5,390.63  with a loss of -1.10% percent or -59.84 point. 

WORLD MARKETS

For the day the Dow is trading at 24,700.21 with  a loss of -1.15% percent or -287.26 point. The S&P 500 is trading at 2,762.59 with a loss of -0.40% percent or  -11.16 point. The Nasdaq Composite is trading at 7,725.58 with a loss of -0.28% percent or -21.44 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,555.43 up with +1.24% percent or  +276.95 point. Hong Kong’s Hang Seng is trading at 29,718.61 up  with +0.85% percent or  +250.46 point. China’s Shanghai Composite is trading at 2,915.73 up with +0.27%  percent or  +7.91  point. India’s BSE Sensex is trading at +35,522.94  up with 0.67%  percent or  +236.20 point at 12:15 PM.

You may also like...

Rules of Discussion on DAX Futures Morning Update on 20 June

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is stricly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Memebrs are requeuested to flag any violations to keep Forum Clean