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
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.
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