{"id":195004,"date":"2023-08-18T02:19:34","date_gmt":"2023-08-18T06:19:34","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=195004"},"modified":"2024-01-24T12:12:47","modified_gmt":"2024-01-24T17:12:47","slug":"chart-advisor-german-equities-absorb-supply","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-german-equities-absorb-supply\/","title":{"rendered":"Chart Advisor: German Equities Absorb Supply"},"content":{"rendered":"\n<p>By&nbsp;<a href=\"https:\/\/links.investopedia.com\/u\/click?_t=36ba8fa8372241d58b3bfc06997a4332&amp;_m=9321124c16c04d97a5256519c9887042&amp;_e=Yi1LjDUgTz-l22bBCoo5mh-24lsu4bAEonmZ5J82_16StqypqicuH1P6o2jZuwYV4NGzLb12mIBHkqO-LcqXoVuA4Ysbo_Kcwnph3RjhVIdWK0ymnLszHES2Poj_Rclg2YWWPLm5tfW0d0oXCbLlTW28nBILhs77SpIxgxxyXZLGTW45FqeMhvzV-lnodC8yKvVCPu1sTnFSmPOCHpnO0p-4MMKnfepQ8u8Bpsh0AsksSCex9H4SMoEwCEsijg1iULDGpEKlOhkFT1FJb_eTq9qmRP1BAjti9Sd-ZgaAoeOm5WEX6XIXDFmofijFML-gJHoOTT40ljwtaoWTPHeFVrKOMpLuOmNAaf7vdCq3sYMirLivHRcz9SyvZz4AJ6om3kbGsPZnmn63zxmX9dihhzEk5QnMs5TejmuC9DnVG8TgCQWh9M6RTacZMN9OXXd9YMFTEyGD7najqQQEQkw6jA%3D%3D\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>J.C. Parets<\/strong><\/a>&nbsp;&amp;&nbsp;<a href=\"https:\/\/links.investopedia.com\/u\/click?_t=36ba8fa8372241d58b3bfc06997a4332&amp;_m=9321124c16c04d97a5256519c9887042&amp;_e=Yi1LjDUgTz-l22bBCoo5mubpEhF4O-62kF_Jk5SKep-YQsNQ1hibH4amqsOo1KkhBKTew2lBMhavgU5tk0LUnFVuwpqR6KaxFWWT_o-0oAWHxaeE0zfBMLxUWlHtGnhLB9DHXVPrNrEDH8FusYRj1ANtERd4edf7Xs2zkepqn06EgU1BwWEQkpNV9Hz5oeYuW8Qetcy1Tq9PvewkU33effuYBkD7b2YGaZfh2k3IMwLsQyVjI3BZO0xjigjYvrNE8s-n4RKZvweYJk4jRd4AZaAeQdmAgjUj_wu8RvzqQwQkxfDhkqLQTt6n6el7EvVaOeavTCzfkQtBeWqtmmX5tHUtC6w8OydQWnKsRvwadGN7cvJTXUUSlJUzBXN9CCBtWRR3nX6raJ9USDp4HfEISVyBZBrwfZyD7iX0xaZewnOspiBb2W0DtT1PKHfaLnAx\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>All Star Charts<\/strong><\/a><\/p>\n\n\n\n<p><strong>1\/ German Equities Absorb Supply<\/strong><\/p>\n\n\n\n<p><strong>2\/ First Uranium, Now Coal?<\/strong><\/p>\n\n\n\n<p><strong>3\/ TLT Revisits Last Year\u2019s Lows<\/strong><\/p>\n\n\n\n<p><strong>4\/ Currencies Fall in Favor of the Greenback<\/strong><\/p>\n\n\n\n<p><em>Investopedia is partnering with All Star Charts on this newsletter, which both sells its research to investors, and may trade or hold positions in securities mentioned herein. The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-german-equities-absorb-supply\">1\/ <strong>German Equities Absorb Supply<\/strong><\/h2>\n\n\n\n<p>European equities enter&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/c\/correction.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">correction<\/a>&nbsp;mode, much like their U.S. counterparts. And like equities stateside, European stocks pause at logical levels of&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/r\/resistance.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">resistance<\/a>.<\/p>\n\n\n\n<p>Here\u2019s the Germany ETF (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=ewg&amp;hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">EWG<\/a>) running into a shelf of former highs:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/1-23-1100x541.png\" alt=\"\" class=\"wp-image-195005 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/541;\" \/><\/figure>\n\n\n\n<p>German equities contend with a significant amount of resistance at the $30 level. But it\u2019s a logical level for the rally to ease, allowing demand to absorb the overwhelming supply.<\/p>\n\n\n\n<p>Remember, stock market corrections are normal and healthy.&nbsp;<\/p>\n\n\n\n<p>Perhaps EWG\u2019s near-term outlook suggests sideways action, but a&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/b\/breakout.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">breakout<\/a>&nbsp;to new 52-week highs would flip our bias higher and add another feather to the hat of stock market bulls worldwide.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-first-uranium-now-coal\">2\/ <strong>First Uranium, Now Coal?<\/strong><\/h2>\n\n\n\n<p>Breakouts in the peripheral areas of the energy space\u2014such as uranium and coal\u2014support broadening strength and further upside potential for the entire&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/e\/energy_sector.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">energy sector<\/a>.<\/p>\n\n\n\n<p>Uranium has undoubtedly caught a bid in recent weeks. But will coal stocks do the same?<\/p>\n\n\n\n<p>Check out our coal index pressing against the upper bounds of a multi-year range:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/2-13-1100x541.png\" alt=\"\" class=\"wp-image-195006 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/541;\" \/><\/figure>\n\n\n\n<p>Two names in the index are already resolving higher\u2014Consol Energy (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=ceix&amp;hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">CEIX<\/a>) and Alpha Metallurgical Resources (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=amr&amp;hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">AMR<\/a>). If their strength begins to spill over into the other components, it may be merely a matter of time before our coal index follows suit.<\/p>\n\n\n\n<p>The broader energy space is also likely to trend higher if and when coal stocks catch fire.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-tlt-revisits-last-year-s-lows\">3\/ <strong>TLT Revisits Last Year\u2019s Lows<\/strong><\/h2>\n\n\n\n<p>The unrelenting uptrend in global&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/b\/bond-yield.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">yields<\/a>&nbsp;embarks on a fresh leg higher, more significantly further out on the&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/y\/yieldcurve.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">curve<\/a>.<br><br>That likely means only one thing for&nbsp;<a href=\"https:\/\/www.investopedia.com\/articles\/investing\/073113\/introduction-treasury-securities.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">U.S. Treasuries<\/a>\u2014more downside action.<br><br>Here\u2019s the long-duration U.S. Treasury Bond ETF (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=tlt&amp;hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">TLT<\/a>) posting new year-to-date lows:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"542\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/3-1100x542.jpg\" alt=\"\" class=\"wp-image-195007 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/3-1100x542.jpg 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/3-700x345.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/3-300x148.jpg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/3-768x378.jpg 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/3.jpg 1263w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/542;\" \/><\/figure>\n\n\n\n<p>With selling pressure picking up in the&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/s\/support.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">bond market<\/a>, the question becomes whether the 2022 lows will act as&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/s\/support.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">support<\/a>.<\/p>\n\n\n\n<p>If they do and the bond decline stalls, stocks will likely benefit from the lack of bond market volatility.<\/p>\n\n\n\n<p>On the flip side, the stock market averages are likely to be on the ropes if TLT slices through last year\u2019s lows.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-4-currencies-fall-in-favor-of-the-greenback\">4\/ <strong>Currencies Fall in Favor of the Greenback<\/strong><\/h2>\n\n\n\n<p>The&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/u\/usdx.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">U.S. Dollar Index<\/a>&nbsp;(<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=dxy&amp;hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">DXY<\/a>) continues to challenge a confluence of overhead supply.<\/p>\n\n\n\n<p>Meanwhile, major global currencies slide against ol\u2019 King Dollar.<\/p>\n\n\n\n<p>Yesterday, we highlighted the breakout in the USD\/JPY pair. Today, it\u2019s the breakdown in the&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/a\/aud.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">Australian dollar (AUD)<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/4-12-1100x561.png\" alt=\"\" class=\"wp-image-195008 lazyload\" width=\"840\" height=\"428\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 840px; aspect-ratio: 840\/428;\" \/><\/figure>\n\n\n\n<p>The AUD\/USD pair is undercutting its May&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/p\/pivotpoint.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">pivot low<\/a>, reaching its lowest level since last fall. Sellers have taken complete control as the Aussie slides beneath a multi-year downtrend line and momentum registers an oversold reading on the 14-day&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/r\/rsi.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10008134-20230818&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=081823\" target=\"_blank\" rel=\"noreferrer noopener\">relative strength index (RSI)<\/a>.<\/p>\n\n\n\n<p>A weakening AUD\/USD supports a broad USD advance as more global currencies fall in favor of the greenback.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally posted 17th August 2023<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European equities enter correction mode, much like their U.S. counterparts. And like equities stateside, European stocks pause at logical levels of resistance.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21,14,5,15,16,18,6,9,22,23,26,3],"tags":[15813,15814,11334,14879,15816,1779,2821,15815,15817,15819,445,15818,6609],"contributors-categories":[13686],"class_list":{"0":"post-195004","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-commodities","7":"category-etfs","8":"category-europe-middle-east-africa","9":"category-fixed-income","10":"category-forex","11":"category-macro","12":"category-north-america","13":"category-securities","14":"category-stocks","15":"category-technical-analysis","16":"category-text-articles","17":"category-traders-insight","18":"tag-amr","19":"tag-arlp","20":"tag-aud-usd","21":"tag-btu","22":"tag-ceix","23":"tag-dxy","24":"tag-ewg","25":"tag-hcc","26":"tag-metc","27":"tag-nrp","28":"tag-rsi","29":"tag-sxc","30":"tag-tlt","31":"contributors-categories-investopedia"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chart Advisor: German Equities Absorb Supply<\/title>\n<meta name=\"description\" content=\"European equities enter correction mode, much like their U.S. counterparts. And like equities stateside, European stocks pause at logical levels of...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/195004\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart Advisor: German Equities Absorb Supply | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"European equities enter correction mode, much like their U.S. counterparts. And like equities stateside, European stocks pause at logical levels of resistance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-german-equities-absorb-supply\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-18T06:19:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-24T17:12:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/1-23-1100x541.png\" \/>\n<meta name=\"author\" content=\"Contributor Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributor Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-german-equities-absorb-supply\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-german-equities-absorb-supply\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Contributor Author\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\"\n\t            },\n\t            \"headline\": \"Chart Advisor: German Equities Absorb Supply\",\n\t            \"datePublished\": \"2023-08-18T06:19:34+00:00\",\n\t            \"dateModified\": \"2024-01-24T17:12:47+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-german-equities-absorb-supply\\\/\"\n\t            },\n\t            \"wordCount\": 562,\n\t            \"commentCount\": 0,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-german-equities-absorb-supply\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/08\\\/1-23-1100x541.png\",\n\t            \"keywords\": [\n\t                \"AMR\",\n\t                \"ARLP\",\n\t                \"AUD.USD\",\n\t                \"BTU\",\n\t                \"CEIX\",\n\t                \"DXY\",\n\t                \"EWG\",\n\t                \"HCC\",\n\t                \"METC\",\n\t                \"NRP\",\n\t                \"rsi\",\n\t                \"SXC\",\n\t                \"TLT\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"Commodities\",\n\t                \"ETFs\",\n\t                \"Europe, the Middle East and Africa\",\n\t                \"Fixed Income\",\n\t                \"Forex\",\n\t                \"Macro\",\n\t                \"North America\",\n\t                \"Securities\",\n\t                \"Stocks\",\n\t                \"Technical Analysis\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-german-equities-absorb-supply\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-german-equities-absorb-supply\\\/\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-german-equities-absorb-supply\\\/\",\n\t            \"name\": \"Chart Advisor: German Equities Absorb Supply | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-german-equities-absorb-supply\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-german-equities-absorb-supply\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/08\\\/1-23-1100x541.png\",\n\t            \"datePublished\": \"2023-08-18T06:19:34+00:00\",\n\t            \"dateModified\": \"2024-01-24T17:12:47+00:00\",\n\t            \"description\": \"European equities enter correction mode, much like their U.S. counterparts. And like equities stateside, European stocks pause at logical levels of resistance.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-german-equities-absorb-supply\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-german-equities-absorb-supply\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/08\\\/1-23-1100x541.png\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/08\\\/1-23-1100x541.png\"\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\",\n\t            \"name\": \"Contributor Author\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/contributor-author\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chart Advisor: German Equities Absorb Supply","description":"European equities enter correction mode, much like their U.S. counterparts. And like equities stateside, European stocks pause at logical levels of...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/195004\/","og_locale":"en_US","og_type":"article","og_title":"Chart Advisor: German Equities Absorb Supply | IBKR Campus US","og_description":"European equities enter correction mode, much like their U.S. counterparts. And like equities stateside, European stocks pause at logical levels of resistance.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-german-equities-absorb-supply\/","og_site_name":"IBKR Campus US","article_published_time":"2023-08-18T06:19:34+00:00","article_modified_time":"2024-01-24T17:12:47+00:00","og_image":[{"url":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/1-23-1100x541.png","type":"","width":"","height":""}],"author":"Contributor Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Contributor Author","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-german-equities-absorb-supply\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-german-equities-absorb-supply\/"},"author":{"name":"Contributor Author","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485"},"headline":"Chart Advisor: German Equities Absorb Supply","datePublished":"2023-08-18T06:19:34+00:00","dateModified":"2024-01-24T17:12:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-german-equities-absorb-supply\/"},"wordCount":562,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-german-equities-absorb-supply\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/1-23-1100x541.png","keywords":["AMR","ARLP","AUD.USD","BTU","CEIX","DXY","EWG","HCC","METC","NRP","rsi","SXC","TLT"],"articleSection":["Commodities","ETFs","Europe, the Middle East and Africa","Fixed Income","Forex","Macro","North America","Securities","Stocks","Technical Analysis","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-german-equities-absorb-supply\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-german-equities-absorb-supply\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-german-equities-absorb-supply\/","name":"Chart Advisor: German Equities Absorb Supply | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-german-equities-absorb-supply\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-german-equities-absorb-supply\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/1-23-1100x541.png","datePublished":"2023-08-18T06:19:34+00:00","dateModified":"2024-01-24T17:12:47+00:00","description":"European equities enter correction mode, much like their U.S. counterparts. And like equities stateside, European stocks pause at logical levels of resistance.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-german-equities-absorb-supply\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-german-equities-absorb-supply\/#primaryimage","url":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/1-23-1100x541.png","contentUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/1-23-1100x541.png"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485","name":"Contributor Author","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/contributor-author\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/195004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=195004"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/195004\/revisions"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=195004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=195004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=195004"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=195004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}