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DAX higher following US Stocks after upbeat Chinese economic data – DAX 30 Market Outlook – 13/10/2020

The Dax hit our long entry resistance target at 13135 on the back of upbeat Chinese economic data along with a rally in U.S. tech stocks which lifted market sentiment, despite concerns surrounding the surge in Covid-19 cases and another major vaccine study (Johnson &Johnson) getting paused after one participant got ill. 13200 closest resistance target as long as 13135 support level holds.

Support: 13135/ 13000
Resistance: 13200 / 13300

SquaredFinancial Daily Market Outlook

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SquaredFinancial Review

Tuesday, 13 Oct, 2020 / 8:10

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Source : https://www.squaredfinancial.com/learn/daily-market-outlook/dax-higher-following-us-stocks-after-upbeat-chinese-economic-data-dax-30-market-outlook-13-10-2020

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