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FTSE 100, DAX 40 and CAC 40 Continue to Range Trade

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​​​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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