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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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...If the dots don't connect, gather more dots until they do...




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Wednesday, January 17, 2018

Deutsche Bank Struggles Near Major Resistance

Deutsche Bank (DB) has never recovered from its meteoric plunge during the 2007/08 financial crisis. It's currently facing major resistance at the confluence of price and the upper edge of a long-term downtrending channel, as shown on the monthly chart below.

It's critical for price to break through, and hold above, 20.00...otherwise, its future is in question.

And, this tweet just in from Bloomberg Markets...

Source: Bloomberg.com