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