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FTSE 100-
The UK index hits fresh year low on geopolitical tension. Russia's military's attack on Ukraine started one week before and it has seized Europe's largest nuclear plant in Ukraine.FTSE100 breaks significant support 7169 and is currently trading around 7055. Markets eye peace talks between Russia and Ukraine for further direction. Near-term support is around 6970, any breach below targets 6825/6700. The immediate resistance to be watched 7170, violation above will take the index to 7220/7287/7300.
DAX30-
The German index trades weak for the fourth consecutive day and lost nearly 10% this week. Global Markets are still under pressure on an escalation of tension between Russia and Ukraine. Resistance is around 13510. Any breach above targets 13935/14000. The index should close above 14500 for trend reversal. The immediate support is around 13000, a decline below that will drag the DAX to 12500/12000.
