Futures on the DAX30 (FDAX) index :idea:
REVIEW
Situation
Yesterday futures have opened at the growth rate of 5772, but when closing it decreased to 5743, yet today the opening was above the maximum range of 5797. Formally and technically we went above the three-week range.
Causes
Yesterday was a growth situation in the world stock markets, but rather moderate and sometimes even contradictory.
U.S. major indexes: the Dow closed above the range, S & P500 at the border, NASDAQ100 and Russel have not reached the maximum.
Slowly and with great difficulty Oil went over $ 75.
Indexes today: India +1%, China +1.5 +1.7%, Nikkei -0.2% .
Today the focus is on the large block of news from the U.S.- retail sales at 16.30 Moscow time (Expected to fall by 2.7%), prices for import / export, and at 22.00 Moscow time - "minute" Fed.
Therefore we should expect a strong movement in the U.S. session, and until then the dynamics seem to be moving very slowly.
Forecast.
Formally, there is a buy signal and a new growth trend but in my opinion the signal is too weak so far. Before considering buying the trend, I think it is better to wait another day before closing.
Exchanging ideas.
No Sales for now (if they are not opened yet) - at least until the end of the day.
I still consider buying is logical from 21-day moving average 5650-5660, stop lower than 5620.
REVIEW
Situation
Yesterday futures have opened at the growth rate of 5772, but when closing it decreased to 5743, yet today the opening was above the maximum range of 5797. Formally and technically we went above the three-week range.
Causes
Yesterday was a growth situation in the world stock markets, but rather moderate and sometimes even contradictory.
U.S. major indexes: the Dow closed above the range, S & P500 at the border, NASDAQ100 and Russel have not reached the maximum.
Slowly and with great difficulty Oil went over $ 75.
Indexes today: India +1%, China +1.5 +1.7%, Nikkei -0.2% .
Today the focus is on the large block of news from the U.S.- retail sales at 16.30 Moscow time (Expected to fall by 2.7%), prices for import / export, and at 22.00 Moscow time - "minute" Fed.
Therefore we should expect a strong movement in the U.S. session, and until then the dynamics seem to be moving very slowly.
Forecast.
Formally, there is a buy signal and a new growth trend but in my opinion the signal is too weak so far. Before considering buying the trend, I think it is better to wait another day before closing.
Exchanging ideas.
No Sales for now (if they are not opened yet) - at least until the end of the day.
I still consider buying is logical from 21-day moving average 5650-5660, stop lower than 5620.
