During the Asian trading session, the German Benchmark Index surged past the 18,900 mark, indicating a robust start. As the European markets gear up for the week, there is a sense of cautious optimism among investors. The focal point for many this week will be the U.S. consumer price index data for April, set to be released on Wednesday. This inflation data is pivotal as it could influence the U.S. Federal Reserve’s stance on interest rate adjustments. Recent data has shown inflation rates higher than anticipated, yet there remains hope that the Federal Reserve may avoid immediate rate hikes.
Market projections for Europe show mixed expectations: the U.K.’s FTSE 100 is anticipated to open slightly lower by 15 points, while Germany’s DAX is expected to gain 23 points. France’s CAC is set to rise by 8 points, and Italy’s FTSE MIB is projected to see an increase of 15 points. Amidst these developments, some investors have utilized AI technologies to navigate market complexities, with notable success. Users of a specific AI tool reported managing their market activities in autopilot, achieving an impressive 34% Return on Investment within just the last 24 hours. Learn more about this AI-driven success.
Technical analysis
Time Frame: 1 hour
GER40 Support & Resistance Table – 13/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 19032.8 | Daily R2 |
| Resistance 1 | 18975.5 | Daily R1 |
| Support 1 | 18822.5 | Daily S1 |
| Support 2 | 18765.2 | Daily S2 |
GER40 Indicator Table – 13/05/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Neutral |
| Stochastic ( 9;6;3) | Sell |
GER40 Indicator / Period Table – 13/05/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Buy | Buy |
| SMA 20 | Buy | Buy | Buy |
GER40 13/05/2024 – Reference Price : 18909.0
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (1)Sell (1) |
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