DAX “…done nothing to alter the top-heavy chart pattern with a head and shoulders and horizontal neckline.” Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle

 

DAX SHORT TERM TRADER: Stopped out of my short position on this morning’s gap higher.

DAX POSITION TAKER: Short; stop above 11600. Next target at 10700.

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Macron inspects the damage Gilets jaunes trash Paris

Fresh from a G20 summit, French President Emmanuel Macron was driven straight from the airport to the Arc de Triomphe which, over the weekend, had been targeted by angry protesters who sprayed graffiti and smashed the statue of Marianne. The Champs Elysees was closed to the public so they spread out in the surrounding area smashing pavements and street furniture, burning cars and buildings, and targeting shops and restaurants. The government is debating whether to re-impose a state of emergency which was in place between 2015 and 2017.

As of January 2019, Qatar has decided that it no longer wants to be an OPEC member. This reflects the souring relations between the world’s biggest exporter of Liquid Natural Gas and its Middle-Eastern neighbours. This comes ahead of OPEC’s 175th meeting which starts in Vienna on Thursday.

Financial Markets and Political Commentary

 

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