On Monday investors couldn’t be bored. After uncertain opening with 65 pts bearish gap bulls were in power. Upward move was so dynamic that less than 2 hours later 10,100 pts area was tested. It was all that German bulls managed to do. Moods weren’t improved by EURUSD weakening nor S&P500 futures gaining. Eventually session ended with score -0.02%. Monday’s session didn’t explain current situation. from one side there was positive signal – new local high. On the other side after session we could see daily candle with long upper wick. 20 out of 30 DAX companies lost some value, the most RWE -3.50%, E.ON -3.34%. 10 companies gained some value, the most Bayer +3.26%. Situation ended similar in England, where English FTSE100 ended session with score -0.08%.
On DAX future we can still see movement between support at 9,910 pts and resistance at 10,000 pts. These levels are broken more often and price comes back between them. The closest supports: 9,910 pts, 9,850 pts, 9,770 pts, resistances: 10,000 pts, 10,100 pts, 10,180 pts.
