A bullish start yesterday had seen the DAX surge on the opening but the 14000 resistance proved resilient and the German benchmark ended up giving back earlier gains following cautious comments from ECB President Lagrade. Looking ahead, private sector PMIs for January will be a gauge for the markets today. Extended lockdown measures may suggest a slower than expected pickup in economic recovery in 2021 so expect some volatility today between 13800 and 14000 support and resistance levels.

Support: 13800 / 13700
Resistance: 13900/ 14000

 

 

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