Outlook on FTSE 100, DAX 40 and CAC 40 amid quiet start to the week.
Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0....
The DAX 40 continues to oscillate around the 50% retracement of the April-to-May advance at 18,170 while range trading below last week’s 18,260 high and Wednesday’s 18,053 low as the German Ifo business climate index is published. A rise above 18,260 would put the 55-day simple moving average at 18,326 and the 18,361 early June low on the cards.
Minor support below Monday’s 7,590 intraday low can be spotted at Wednesday’s 7,559 low, below which lies the current June low at 7,464. Were a fall through 7,464 to occur, the December peak at 7,653 may offer support. If not, a drop toward the 7,281 January trough may be in the frame.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
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