The beginning of Monday’s session belonged to bulls. Before start of session German factory orders data were published. It was much better than expected. Bulls even managed to move away from 10,000 pts level but it wasn’t kept till the end of the session. Wall Street indices disappointed. S&P500 closed da with weak score +0.08%.
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Tough task ahead of DAX bulls. Although defence of support at 9,810 pts was a success, but both on futures and the index itself the real problem is 10,100 pts area. In this place resistance is connecting with local bearish trend line (seen on the chart). If this resistance will be broken, next one is in 10,500 pts area.
