Technical analytics

DAX

DAX keeps gravitating in a narrow range between 12500 and 12550. 

Buyers lost momentum after meeting an obstacle at 6000.   

Brent extended its gains and set a fresh high at 55.25. Bulls will probably want to take some profits. 

Gold prices sharply dropped to 1320 and stayed at the level during the Asian trades and the European morning. 

The USD/JPY pair closed bullish yesterday. 

The pound looks exhausted after yesterday’s sell off. 

The euro is trying to reverse fresh losses on Thursday. 

Technically, the main trend is up, however, bulls do not see a reason to drive the benchmark higher. 

DAX

DAX is consolidating its gains hovering above 12500.

Buyers faced sellers’ resistance around 0.7300.