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Technical Forecast for Dax

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Technical Forecast for Dax

 

Dax support at 8332 then 8292 & last week’s low at 8261. A low for the day is possible again here today but a break lower cannot be ruled out and could target 8235/25. Any longs here need stops below 8200 for 8164 then excellent support & a buying opportunity at 8125 so exit shorts & try longs here.
 
If we can hold on to 8375 look for resistance at 8402/10. A break higher could allow a small gap to be filled at 8437 with stronger resistance at 8446. Exit longs & try shorts within this band but we need stops above 8475.

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Posted-In: Technicals Markets Trading Ideas

 

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