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Dax 30 Futures: Daily Forecast Dec 5, 2019

Published 12/05/2019, 12:56 AM
Updated 07/09/2023, 06:31 AM
DE30
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DAX beat first resistance at 13080/13100 which is now working perfectly as support. We topped just 7 ticks from our selling opportunity at 13180/200.

DAX holding first support at 13080/13100 tests our selling opportunity at 13180/200 with stops above 13220. A break higher is a buy signal targeting 13250/260 and 13290/300 before this week’s high at 13330/338.

Back below 13080 targets 13025/020 then strong support at 12890/870. A break below 12840 targets 12790/780 and 12700/680.

Trends

Weekly outlook is positive

Daily outlook is positive

Short Term outlook is positive

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