DAX Futures Morning Update on 10 april 2019

The DAX Futures is trading at  11,918.80 up with +0.21% percent or +24.80 point. The FTSE 100 Futures is trading at 7,363.20 with a loss of -0.07% percent or -5.30 point. The CAC 40 Futures is trading at 5,449.80  up with +0.36% percent or +19.30 point.The EURO Stoxx 50 Futures trading at 3,356.00 up with +0.18% percent or +6.00 point.

TODAY’S FACTORS AND EVENTS

DAX bottomed exactly at short term Fibonacci support at 11880/870 as I write but we have not seen a bounce from here. Longs need stops below 11850. A break lower targets 11800/790 then minor support at 11770/760. Best support this week at 11720/710.

Holding short term Fibonacci support at 11880/870 allows recovery to 11910/920 then 11945/955. Gains are likely to be limited but expected minor resistance at 11990/200 then 2.5-month trend line resistance at 12050/060 is key to direction.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,894.43  up with +0.37% percent or +43.86 point.the FTSE 100 closed at 7,429.05 up with +0.047% percent or +3.48 point. France’s CAC  40 closed at 5,455.14 up with +0.34% percent or +18.73  point. 

WORLD MARKETS

For the day the Dow is trading at 26,150.58  with a loss of -0.72% percent or -190.44 point. The S&P 500 is trading at 2,878.20 with a loss of -0.61% percent or -17.57 point. The Nasdaq Composite is trading at 7,909.28   with a loss of -0.56% percent or -44.61 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,687.57  with a loss of -0.53% percent or -115.02 point. Hong Kong’s Hang Seng is trading at 30,111.64  with a loss of -0.15% percent or -45.85   point. China’s Shanghai Composite is trading at 3,241.93  up with +0.070% percent or +2.27 point. India’s BSE Sensex is trading at 38,732.22  with a loss of  -0.53% percent or -207.00 point at 12:15 PM.