All Tuesday session German index was under the line. Another time support at 10,600 pts was tested. This time rebound wasn’t so strong. GDP data from Eurozone was as expected, but moods didn’t get better. European indices had problems with environment, because EURUSD was gaining and US indices were below Monday’s close whole session. Both French CAC40 (-1.57%) and British FTSE100 (-1.42%) lost. The same situation is with German indices: DAX -1.95%, MDAX -1.91%, TECDAX -1.56%, SDAX -1.73%. All 30 DAX companies decreased, the most RWE -5.02%, E.ON -4.28%, ThyssenKrupp -3.71%, Commerzbank -3.26%.
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Support at DAX future there is still 10 620 -10 500 area, another is 10 320 pts and 10 200 pts. The closest resistances: 10 750 pts, 10 880 pts, 11 000 pts.
Today before opening of session markets get to know German trade balance data. Export is lower than expected but overall balance is better than forecasts what should give some boost on DAX.
