Over the last two weeks, the index has grown steadily, against the mounting geopolitical tensions and upcoming elections in France. Technically, the value of the index break the range that had been formed between 10.30 and 14.40. In the coming days, the value of the index will be most strongly influenced by the French presidential election and the growing tensions around North Korea. If we do not have a new conflict in North Korea or Syria in the coming days, the index will most likely return to the range. We expect an increase if Le Pen increases its percentage in the first round of elections.
Indicators:
Demarker - located in an overpurchase area, but has not yet spin
Demarker Sequential - the indicator has started counting and indicate a new downward pulse
Source: Bloomberg
Jr Trader Petar Milanov
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