Germany 40 gaps higher
The German Germany 40 index recovered from Friday’s 22,212 low in line with US indices which regained some of their weekly losses and rose close to its February to March resistance line at 22,760 on Monday morning before faltering.
The price gap with Friday’s 22,567 high may still be filled as investors fret about the possibility that US President Trump will follow through with his threat to impose a 25% tariff on Mexican and Canadian imports and an additional 10% on Chinese imports on Tuesday.
Good support sits between the 21 February and last week’s lows at 22,212 to 22,114, a fall through which would put the 21,802 January peak on the cards.
Above Monday’s 22,750 intraday high lies last week’s 22,829 high.
