The FTSE 100 is closed today.
Three NZ bandwidth tests in a row for the DAX is quite frankly astonishing.
On Friday the high was 12249 and the low was 12132 and as we said it is like a caged animal trying to break out.
The question is whether or not London being closed today is akin to someone forgetting to lock the cage door?
Today the open will be crucial and is the one weapon they haven’t used yet.
The ratios are slightly firmer on both sides and in both Y2 has come in slightly but all about the zone today of course.
Range: 12150 to 12250
Type: On balance bearish