Germany: Commerzbank shares get rid of the negativity – Analysis – 10-1-2019

Commerz bank price managed to surpass the bearish bias domination by facing a strong support level at 5.60, which faces it to form a positive rebound to 6.43, the stability of the current support will increase the chances for resuming the bullish attack, to expect reaching to 7.09 by gaining a new positive momentum, then extend the trading to test the moving average 55 at 7.92.

We notice stochastic rally to the overbought level, to support the bullish attempts by providing a strong positive momentum in the current trading.

Expected trading range for today is between 6.00 and 7.09

Expected trend for today: Bullish