Technical Update - GER40 (DAX)
Kim Cramer Larsson
Technical Analyst, Saxo Bank
GER40 cfd (DAX future) seems to get rejected at the 0.50 Fibonacci retracement level at around 14,084. Selling pressure is likely to resume. A selling pressure that will likely intensify if GER40cfd is being pushed below 13,273. If that scenario plays out new lows are likely. An early warning sign of that possible scenario is if RSI drop back below its trend line.
However, if GER40 trades above 14,100 a move to 0.618 retracement is likely but a move to 15K would not be out of the question. However, 14,830 is strong resistance
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
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Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.