The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.
Currently the German stock market is testing the Fibonacci retracement (38.2 per cent) at 10,894 and the exponential 200 days moving average (EMA) at 11,823.
The next intersection-support is at 10,535/10,562. These are the simple 200 days moving average (SMA) and another Fibonacci level (61.8 per cent).
Despite the current negative technical situation a successful test of the mentioned exponential 200 days moving average is possible. In this case we see some recovery potential to the Fibonacci retracement at 11,250 and the trend line at 11,454/11,467.