Dax Closed Above Resistance At 11600

Published 01/09/2017, 04:46 AM
Updated 07/09/2023, 06:31 AM

DAX Weekly Chart

Dax closed above resistance at 11600 and with bulls still in control, holding above here targets 11617 before last week's high at 11650. A break higher in the bull trend always likely eventually targeting 11670/680 then 11780/790 and perhaps as far as the 2015 summer high at 11800/810 this week.

Holding below 11590 however retests support at 11560/555 before strong support at at 11529/28. A low for the day likely but longs need stops below 11485. Further losses target 11455 then 11400/390 but look for a buying opportunity at strong support at 11360/350.

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