Technical Update - GER40/DAX gapping lower
Kim Cramer Larsson
Technical Analyst, Saxo Bank Group
GER40 cfd/Future gapped lower this morning at the opening and selling has continued. We are back in the correction area from October/November 2020 currently trading around the 0.764 Fibonacci retracement level at 12.498. however, there is no real strong support in this area before 11,508.
If there is not buyers around to lift the market and close the gap within next couple of days the support is not unlikely to be tested.
There is no divergence on RSI on both Daily and Weekly time period indicating lower levels.
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.
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