On Monday we have seen flat session on DAX. Range of moves was a little bigger than 100 pts. It is a good forecast before attack on 9,910 pts resistance. A try of breaking this level sharply could cause deep rebound. In this case even few days of consolidation can help bulls increase their power. It is also worth to notice that Monday’s session was fourth in a row with small volume and volatility.
Other European indices ended similar: DAX -0.46%, French CAC40 -0.32%, English FTSE100 -0.27%. Small volatility in the end of US session, but S&P500 +0.09 managed to break psychological level of 2,000 pts.
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Without doubt ECB meeting will be the event of the week, although on Tuesday we will know Eurozone GDP and German industrial production. Situation on DAX future didn’t changed, index is currently moving in 9,680-9,910 pts area and today this probably will not change.
