Deutsche Bank eyeing key support at $10.38

• Next support is currently 18 cents away at $10.38
• Deutsche Bank made an initial breakout above its 50 day Simple Moving Average at $10.52, a potential indicator of a newly emerging bullish phase.

Stable at $10.55 and still trending upwards, Today's session might suggest a slow down — as the session comes to an end, the German banking giant recovers back to $10.55 after dipping down to $10.47 earlier.

On a negative trend for around a month. Having soared to a high of $13.49 approximately 4 months ago, the German banking giant is now trading 21.65% lower.

Deutsche Bank AG is approaching key support, around 18 cents away from $10.38. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. Deutsche Bank made an initial breakout above its 50 day Simple Moving Average at $10.52, a potential indicator of a newly emerging bullish phase. In contrast, Deutsche Bank's upper Bollinger Band® is at $10.76, suggesting that a downward move may follow.

Overall, looking at the technical analysis landscape, it seems Deutsche Bank might be pointing upward in the short term.

Fundamental indicators – following a previous reading of 4.49 million, Crude Oil Inventories in United States released today at 14:30 UTC fell short of the 1 million figure expected by analysts with an actual reading of -451,000.

Meanwhile, mixed performances are seen in other financials stocks as Goldman Sachs added 3.22% to its value, now trading at $337.33. Mastercard is down to $371.88, losing 2.13%, after ending yesterday at $379.96. S&P Global is trading around $372.85 (down 1.67%).

Upcoming fundamentals: United States Initial Jobless Claims expected to decline to 235,000 while its preceding data was 232,000, data will be available tomorrow at 12:30 UTC.