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DAX Futures July 29 Forecast

Published 07/29/2020, 02:24 AM
Updated 07/09/2023, 06:31 AM
DE40
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DE30
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September DAX Futures—shorts at the selling opportunity at 12900/930 worked perfectly yesterday as we sold off to first support at 12780/770.

Today’s Analysis

DAX shorts at 12900/930 target first support at 12780/770, which has been hit. Further losses target the 12630/620 level, with best support at 12560/530. Stop below 12480.

A selling opportunity again at 12940/960 with stops above 13050. A break higher is a buy signal for today targeting 13180/200 before a retest of 13300/05.

Trends

  • Weekly Outlook Positive
  • Daily Outlook Neutral
  • Short Term Outlook Neutral

Chart

DAX Chart

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