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