Hello everyone,
This week, I offer my analysis of the movements of
GER30 during the week and my outlook for next week.
Have nice reading and be pleased to comment if you want.
TheGER30 tests like last week the resistance of 14100 and the support of 13900 and finally end the week in the middle waiting.
Monday: The news of the weekend were very good in UK (that is why in the commentary of my precedent post I decided to buy
UK100). And those news pushed the GER30 over is resistance of 14100. Moreover the fact that Donald Trump was acquitted, open the perspective of a fast help plan in the US.
Tuesday: A lot of statistics in Europe or US were good nevertheless theGER30 enter the range again because it needed to breath.
Wednesday: A general rise of the interest rates for the US or Germany rose a new interest in those product and thus theGER30 which is complementary fall and tested the support 13900
Thursday: A lot of bad results of several company went out then the US unemployment bad data help theGER30 to fall under the support of 13900.
Friday: After 3 red days, investors have decided that the price was low enough and the GER30 went back in the range.
To sum up: like last week theGER30 maintained itself in the range of 13900 and 14100. In my opinion, it is still in an uptrend but is waiting for a catalyzer which may occur in March.
My perspectives for next week are not very uptrend on the $GER30. I think it will consolidate the rise of February and stay in the range or follow a small downtrend staying of 13732.
What to follow next week?
- Monday: German IFO Business Climate which will give an idea of the current climate in Germany;
- Tuesday: Consommer Price Index which may rise risks on inflation.
- Wednesday: Crude Oil inventories
- Thursday: US unemployment
- Friday: calm
I wish you a good trading week,
If you want any clarification do not hesitate to contact me.
Stay safe,
Alexandre
This week, I offer my analysis of the movements of
GER30 during the week and my outlook for next week.Have nice reading and be pleased to comment if you want.
The
GER30 tests like last week the resistance of 14100 and the support of 13900 and finally end the week in the middle waiting.Monday: The news of the weekend were very good in UK (that is why in the commentary of my precedent post I decided to buy
UK100). And those news pushed the GER30 over is resistance of 14100. Moreover the fact that Donald Trump was acquitted, open the perspective of a fast help plan in the US.Tuesday: A lot of statistics in Europe or US were good nevertheless the
GER30 enter the range again because it needed to breath.Wednesday: A general rise of the interest rates for the US or Germany rose a new interest in those product and thus the
GER30 which is complementary fall and tested the support 13900Thursday: A lot of bad results of several company went out then the US unemployment bad data help the
GER30 to fall under the support of 13900.Friday: After 3 red days, investors have decided that the price was low enough and the GER30 went back in the range.
To sum up: like last week the
GER30 maintained itself in the range of 13900 and 14100. In my opinion, it is still in an uptrend but is waiting for a catalyzer which may occur in March.My perspectives for next week are not very uptrend on the $GER30. I think it will consolidate the rise of February and stay in the range or follow a small downtrend staying of 13732.
What to follow next week?
- Monday: German IFO Business Climate which will give an idea of the current climate in Germany;
- Tuesday: Consommer Price Index which may rise risks on inflation.
- Wednesday: Crude Oil inventories
- Thursday: US unemployment
- Friday: calm
I wish you a good trading week,
If you want any clarification do not hesitate to contact me.
Stay safe,
Alexandre
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.