Technical Analysis – GER 30 index bullish in short-term at 11-day high; remains bearish in medium term
Posted on November 2, 2018 at 11:35 am GMTThe Germany 30 index advanced by roughly 600 points after hitting its lowest since December 2016 at 11,047.80 in late October. Moreover, the benchmark is looking set to record its seventh straight day of gains on Friday, having touched an 11-day high of 11,660.30 earlier in the day. Indicative of the bullish bias in the short-term is the upward-sloping RSI; the indicator sharply reversed course after entering oversold territory below 30. Stronger gains may meet resistance around 11,872.02, the 38.2% [..]