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.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.