B.I.C Markets No Comments

The selling pressure has subsided on the DAX and has met an area of support which can be considered a buying opportunity. The index might consolidate around the support area giving time for the coronavirus fears to pass. We expect price to be contained around the support area giving an opportunity for the price to continue upwards during next month.

A break below the support line will indicate continuing weakness in the European economy and pricing structure will need to be reviewed.