DAX Daily Forecast - 25 April 2018

Published 04/25/2018, 04:44 AM

DAX Performance Chart

DAX key to direction is obviously support at 12430/425 but eventually this is likely to break and I would not be surprised to visit 12285/12245 in to the end of the week.

Gains are likely to be limited with first resistance at 12490/500. Stronger resistance at 12550/560 could see a high for the day if tested, but the main challenge for bulls this week, of course, is 200 and 100 DMA at 12665/695. Try shorts with stops above the January low at 12731. A break higher triggers stops on shorts for a buy signal targeting 12780 and minor resistance at 12880.

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