DAX Daily Forecast For 19 April 2018

Published 04/19/2018, 05:52 AM

DAX Chart

DAX the main challenge for bulls today is of course 200 & 100 DMA at 12660/710. I very much doubt this 55 point range can be beaten today (it held yesterday). A sustained break above the January low at 12731 however triggers stops on shorts for a buy signal targeting 12780 & minor resistance at 12880.

Minor support at 12560/555, more important support at 12520/510. A break below signals the bears are back in control (as I suspect they will be) targeting 12460/450 & support at 12430/425. A good chance of a low for the day but the bounce may be small & longs will be risky.

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