A series of geopolitical events and higher global growth uncertainty has weighed on most stock markets recently, boosting volatility. Nonetheless, higher market volatility could mean more trading opportunities in the eyes of traders. For instance, a potential double bottom in the Germany 30 stock index could be worth putting on the watch list.


On a daily chart, a stronger support level presents itself around 11,000. A rejection candle at this level could lead to the formation of double bottom and a potential bounce towards 11,500. The next potential level to watch is at 11,860. The German GDP and PMI due on Friday could be crucial if economic expansion is confirmed.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

CMC Markets Singapore may provide or make available research analysis or reports prepared or issued by entities within the CMC Markets group of companies, located and regulated under the laws in a foreign jurisdictions, in accordance with regulation 32C of the Financial Advisers Regulations. Where such information is issued or promulgated to a person who is not an accredited investor, expert investor or institutional investor, CMC Markets Singapore accepts legal responsibility for the contents of the analysis or report, to the extent required by law. Recipients of such information who are resident in Singapore may contact CMC Markets Singapore on 1800 559 6000 for any matters arising from or in connection with the information.