The German Dax is gaining around 40 points and is now traded at 10,935. The first resistance area is technically placed just over 11,000 points at the maximum level reached on Friday. Current price are now just over the intermediate resistance which was located at 10,925.
The return of prices below 10.770 could be seen a negative signal. Other intermediate support area are placed at 10,865 and 10,840.
Markets are still carefully looking at the delicate Greek situation, with a weak euro exchanged at 1.136 US Dollar. The Eurozone currency reached his new minimum since 7 years against the British pound. The breakdown of the support area of 0.7375 could now offer other space for a further decline in prices, with the reversal rate GBP/EUR close to 1.36.
On the precious metal sector the negative moment of Gold is continuing. Yesterday we registered the breakdown of the dynamic support area of 1,215-1,220 USD/oz. Prices reached a new 6 weeks minimum at 1,202 and are still inside a bearish trend, with support area placed at 1,200 and 1,180.