DAX September futures 2 steps forward, 1 step back as we beat first resistance at 12600/640 targeting 12700/710 and 12770/780 with a high at 12833 & a retest of what is now support at 12640/600 of course.
Today’s Analysis
DAX holding first support at 12600/640 targets 12700/710 and 12770/780 before a retest of 12830/835. Further gains retest key resistance at the June high at 12925/935.
Best support at 12660/630. A break below 12600 targets 12540/530, perhaps as far as 12490/470. Below 12440 look for a buying opportunity at 12370/350, with stops below 12300.
Trends
- Weekly outlook is positive
- Daily outlook is positive
- Short Term outlook is positive