DAX 30 Shot Up: Forecast For March 25, 2020

Published 03/25/2020, 05:39 AM
Updated 07/09/2023, 06:31 AM
DE40
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DAX shot higher to the selling opportunity at 9350/9400 but shorts were stopped above 9500.

DAX making a very strong recovery & holding above 9500 targets 9600/30 before yesterday’s high at 9680/9720. A break higher looks likely, targeting 9860/80 & 9980/10000. Try shorts at10190/220 with stops above 10300.

For today at least the downside is likely to be limited with first support at 9350/9300. A break lower targets 9200/9180 then support at 9080/50. Below 9000 meets an excellent buying opportunity at 8900/8850, with stops below 8750.

Trends

  • Weekly outlook is negative
  • Daily outlook is negative
  • Short Term outlook is neutral

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