DAX 30 Forecast: March 26, 2020

Published 03/26/2020, 07:16 AM
Updated 07/09/2023, 06:31 AM
DE40
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DAX we wrote: 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.

All targets hit but we did not reach our selling opportunity at 10190/220 before the sell-off.

Reports will be updated at about lunchtime GMT if necessary.

Dax bulls must hold above 9600 to maintain control. Above 9680/9720 re-targets 9860/80 &10000/100. Try shorts at 10150/300 with stops above 10400. A break higher targets10500/550, perhaps as far as 10700/750.

Below 10600 risks a slide to the first support at 9450/9350. Below 9250 targets strong support at9050/8950. Stop below 8800.

Trends

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

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