12-10-2018 Dax FTSE DOW EStoxx Analysis

12-10-2018 Dax FTSE DOW EStoxx

The News

Consumer prices in Germany rose 2.3% in September compared to the same month last year, the Federal Statistical Office (Destatis) on Friday, thus confirming its provisional estimate. Compared to the previous month, consumer prices in Europe’s largest economy were 0.4% higher. Energy prices contributed significantly to the increase as they surged 7.7% year-on-year with heating oil and motor fuel prices soaring 35.6% and 13%, respectively. Food prices climbed 2.8% compared to the same month in 2017, while services advanced 1.5%. Total goods prices were up by 3.1% in September. The harmonized index of consumer prices for Germany increased by 2.2% compared to September last year and gained 0.4% month-on-month.

Stock markets in Europe opened with gains on Friday, breaking the shortlived downward trend that spiraled from the selloff on Wall Street. British Finance Minister Philip Hammond said earlier in the day that he feels more optimistic about Brexit negotiations now compared to a couple of weeks ago. However, he added, it would be “highly ambitious” to expect a deal right after the European Union summit in Brussels on Wednesday and Thursday next week. Meanwhile, the selloff of shares in the United States continued yesterday, as the Dow closed 500 points in the red, with the Nasdaq 100 and the S&P 500 recording sharp losses as well.

Trading Signals

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12-10-2018 Key Levels

DAX (CFD) Levels

DAX KEY LEVELS
  CFD
POC * 11568
Value Area High 11623
Value Area Low 11524
VWAP 11575
R2 11835
S2 11227
Pivot 11531
Camarilla Breakout (Bull) 11667
Camarilla Breakout (Bear) 11333

FTSE (CFD) Levels

FTSE KEY LEVELS
  CFD
POC * 7019
Value Area High 7059
Value Area Low 7010
VWAP 7027
R2 7144
S2 6833
Pivot 6988
Camarilla Breakout (Bull) 7050
Camarilla Breakout (Bear) 6879

DOW (CFD) Levels

DOW KEY LEVELS
  CFD
POC * 25462
Value Area High 25515
Value Area Low 25252
VWAP 25375
R2 26079
S2 24509
Pivot 25294
Camarilla Breakout (Bull) 25731
Camarilla Breakout (Bear) 24868

EStoxx (Futures) Levels

EuroStoxx KEY LEVELS
  CFD
POC * 3218
Value Area High 3239
Value Area Low 3206
VWAP 3218
R2 3289
S2 3130
Pivot 3210
Camarilla Breakout (Bull) 3242
Camarilla Breakout (Bear)

3155

DAX (Futures) Levels

DAX KEY LEVELS
  Futures
POC * 11540
Value Area High 11620
Value Area Low 11520
VWAP 11565
R2 11823
S2 11213
Pivot 11518
Camarilla Breakout (Bull) 11652
Camarilla Breakout (Bear) 11316