Technical Update - DAX, CAC40, SMI, AEX and BEL20
Kim Cramer Larsson
Technical Analyst, Saxo Bank
DAX key support at 13,989 is still holding on. A daily close below is likely to fuel heavy sell-off. A close below the support is also likely to push RSI back below 40 threshold which will confirm the downtrend. Until this scenario unfolds DAX is in a neutral position where we could see minor bounce to around 14,500.
CAC40 is range bound between 6,421 and 6,600. 6,421 is key support. A daily close below is likely to tricker a sell off.
AEX Amsterdam is technically in a short term down trend . Daily close below 700 will confirm and fuel further sell-offs.
Uptrend in Swiss SMI is under pressure. If closing below short term rising trend line support at 12,069 is likely to be tested. If SMI moves above 12,500 uptrend will remain intact and prolonged
BEL20 is range bound between 4,100 and 4,255. No clear indication of direction
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
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.