DE30 soars to the highest level in 6 months

Tuesday’s opening in Frankfurt brought a clear move higher and DE30 broke the 12050 resistance to move to the fresh 6-months high as a consequence. The index trades within a steep upwards channel and the upper line currently runs slightly above 12200 pts. Traders are still eyeing economic reports: ZEW index from Germany (10am BST) and US output data (2:15pm BST).

Chart of the day - OIL.WTI (03.08.2021)
Economic calendar: Nikola earnings, API oil report
Morning wrap (03.08.2021)
Daily summary: US stocks gave up early gains. Oil under selling pressure
Li Auto delivered record number of cars in July
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