DAX Futures Morning Update on 01 July 2019

The DAX Futures is trading at 12,574.00  up with +1.14% percent or +141.80 point.The FTSE 100 Futures is trading at 7,429.00 up with +0.45% percent or +33.00 point. The CAC 40 Futures is trading at 5,586.80  up with +1.10% percent or +4.86 point.  The EURO Stoxx 50 Futures trading at 3,498.00 up with +1.04% percent or +36.00 point.

TODAY’S FACTORS AND EVENTS

We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 556.1. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the last fractal low at 517.5. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (517.5) without reaching the order (556.1), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 12,398.80 up with +1.04% percent or +127.77 point.the FTSE 100 closed at 7,495.09  up with +0.94% percent or +69.46 point. France’s CAC  40 closed at 5,538.97  up with +0.83% percent or +45.36 point.

WORLD MARKETS

For the day the Dow is trading at 26,599.96 up with +0.28% percent or +73.38 point. The S&P 500 is trading at 2,941.76 up with +0.58% percent or +16.84 point. The Nasdaq Composite is trading at 8,006.24  up with +0.48% percent or +38.49 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,729.97  up with +2.13% percent or +454.05point. Hong Kong’s Hang Seng is trading at 28,542.62  with a loss of -0.28% percent or -78.80 point. China’s Shanghai Composite is trading at 3,044.90  up with +2.22% percent or +66.02 point. India’s BSE Sensex is trading at 39,670.42 up with +0.70% percent or +275.78 point at 12:15 PM.

You may also like...

Rules of Discussion on DAX Futures Morning Update on 01 July 2019

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.