Tuesday’s session was especially interesting. Both stocks and oil were gaining, even silver had good day. What’s more important, those gains weren’t caused by any macro data. Silver gained +4.52% and is at highest level since June 2015. Oil also hit new high testing 42.80. Among major indices leaders were Japanese NIKKEI225 +3.68% and German DAX +2.27%. DAX is getting close to important resistance at 10,500 pts.
Americans weren’t so enthusiastic yesterday. S%P500 +0.31%, NASDAQ -0.40%. The first index reached resistance at 2,100 pts so there can be some correction soon. It is possible that it will start when DAX will be testing 10,500 pts level, these two indices are correlated. The closest ECB meeting can start correction on those symbols.
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On DAX future the closest resistance is at 10,500 pts and all point out that bulls should at least test it. When there will be correction, the closest supports are located at 10,280 pts and 10,100 pts.
