Technical Update - GER40
Kim Cramer Larsson
Technical Analyst, Saxo Bank
GER40 cfd/future broke the strong support at around 14,830 with a bang yesterday after the release of PPI numbers dropping more than 5% bouncing within few points from the 1.382 projection of the Q4 2021 peaks.
Downtrend on weekly time period now seems to be confirmed despite a bounce this morning further sell off should be expected. However, if the week closes above 14,830 the strong bear scenario is on hold.
If the selling pressure continues, there is not strong support before 13,390 with minor support around 14,085.
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.