The DAX Futures is trading at 11,952.50 with a loss of -0.06% percent or -7.40 point.The FTSE 100 Futures is trading at 7,368.20 up with +0.08% percent or+6.20 point. The CAC 40 Futures is trading at 5,475.20 with a loss of -0.09% percent or -4.80 point. The EURO Stoxx 50 Futures trading at 3,356.00 with a loss of -0.18% percent or -6.00 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 26,143.05 with a loss of -0.054% percent or –14.11 point. The S&P 500 is trading at 2,888.32 up with +0.0038% percent or +0.11 point. The Nasdaq Composite is trading at 7,947.36 with a loss of -0.21% percent or -16.88 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,870.56 up with +0.73% percent or +159.18 point. Hong Kong’s Hang Seng is trading at 29,764.44 with a loss of -0.25% percent or -75.01 point. China’s Shanghai Composite is trading at 3,188.63 with a loss of -0.042% percent or -1.34 point. India’s BSE Sensex is trading at 38,593.57 with a loss of -0.035% percent or -13.44 point at 12:15 PM.