DAX Futures Morning Update on 02 april 2019

The DAX Futures is trading at  11,691.50 with a loss of -0.39% percent or -46.10 point.The FTSE 100 Futures is trading at 7,263.20  up with +0.21% percent or +15.20 point. The CAC 40 Futures is trading at 5,398.50  with 0.00% percent or +0.00 point.  The EURO Stoxx 50 Futures trading at 3,310.00  with a loss of -0.24% percent or -8.00 point.

TODAY’S FACTORS AND EVENTS

DAX tests important resistance at 11700/720 in short term overbought conditions. It should be worth trying shorts with stops above 11750. A break higher targets 11780/790 then trend line resistance and the March high at 11835/840. Shorts need stops above 11880. Next target and trend line resistance at 11930/940.

Failure to beat 11700/720 targets 11670/660 and first support at 11640/630. Below 11610 is likely to fill the gap at 11570.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,681.99  up with +1.35% percent or +155.95 point. the FTSE 100 closed at 7,317.38 up with +0.52% percent or +38.19 point. France’s CAC  40 closed at 5,405.53 up with +1.03% percent or +55.01 point. 

WORLD MARKETS

For the day the Dow is trading at 26,258.42 up with +1.27% percent or ++329.74 point. The S&P 500 is trading at 2,867.19 up with +1.16% percent or +32.79 point. The Nasdaq Composite is trading at 7,828.91  up with +1.29% percent or +99.59 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,505.31  with a loss of -0.017% percent or -3.72 point. Hong Kong’s Hang Seng is trading at 29,592.60 up with +0.10% percent or +30.58  point. China’s Shanghai Composite is trading at 3,175.91  up with +0.17% percent or +5.55 point. India’s BSE Sensex is trading at 39,026.74  up with +0.40% percent or +154.87 point at 12:15 PM.