The DAX Futures is trading at 11,933.20 with a loss of -0.09% percent or -11.30 point.The FTSE 100 Futures is trading at 7,357.20 with a loss of -0.00% percent or -0.30 point. The CAC 40 Futures is trading at 5,460.50 up with +0.30% percent or +16.50 point. The EURO Stoxx 50 Futures trading at 3,354.00 up with +0.00% percent or +0.00 point.
TODAY’S FACTORS AND EVENTS
DAX sees a recovery to 11910/920 then 11945/955. Gains are likely to be limited but expect minor resistance at 11990/200 then 2.5-month trend line resistance now at 12080/090 is key to direction. Shorts need stops above 12105 but we then meet 100-week moving average resistance at 12250/260.
Short term Fibonacci support at 11880/870 remains key to direction on the downside. Longs need stops below 11850. A break lower targets 11800/790 then minor support at 11770/760. Best support this week at 11720/710. Longs need stops below 11680
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 26,157.16 up with +0.025% percent or +6.58 point. The S&P 500 is trading at 2,888.21 up with +0.35% percent or +10.01 point. The Nasdaq Composite is trading at 7,964.24 up with +0.69% percent or +54.97 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,711.38 up with +0.11% percent or +23.81 point. Hong Kong’s Hang Seng is trading at 29,893.82 with a loss of -0.75% percent or -225.74 point. China’s Shanghai Composite is trading at 3,189.96 with a loss of -1.60% percent or -51.97 point. India’s BSE Sensex is trading at 38,540.56 with a loss of -0.12% percent or -44.79 point at 12:15 PM.