GER30

Technical Analysis – German stock futures find resistance below 200-day MA

Posted on November 11, 2015 at 2:45 pm GMT

German stock futures (GER30) have rallied about 18% since the September 29 low of 9299.80. However, prices remain south of the 200-day moving average, finding resistance just below it at 11056. The index remains 12% down from its all-time high of 12433.40 it set on April 13. The near term bias is looking bullish with RSI holding strongly above 50 and the tenkan-sen and kijun-sen lines positively aligned above the Ichimoku cloud. The next resistance for GER30 is 11100. A [..]

Technical Analysis – German Share Index looking to consolidate as it moves back into cloud

Posted on July 23, 2015 at 1:51 pm GMT

The German 30-share index (GER30) continued to slide for a third-day on Thursday as it fell back into the Ichimoku cloud. The index has been on a downward path after reaching a record high of 12433.40 on April 13. It managed to break out of the upper channel on July 13, finding resistance around the 11800 level. The near-term indicators are looking bearish with RSI falling towards 50 and the stochastics approaching 20. The 23.6% of the Fibonacci retracement level [..]

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