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DAX: Try Longs With Stops Below 12650

Published 12/06/2017, 03:21 AM
Updated 07/09/2023, 06:31 AM
DE40
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DAX Weekly Chart

DAX same levels apply for today with first resistance at 13080/090 but above 13120 targets 13150/170 and we should struggle here. Bulls need a clear and sustained break above the 2 week high at 13197/13209 to seize control this week and resume the longer term bull trend.

First support at 12980/960 again but below here targets 12900, perhaps as far as 12843/842. Below the 12806 low targets strong support at 12720/700. Try longs with stops below 12650. A break below here is a sell signal targeting important support at 12520/490.

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