Market Overview

Technical Forecast for Dax

Technical Forecast for Dax


Dax Dec13 had an inside day yesterday which can be a short term negative signal. We broke Friday's high & Fibonacci support at 9192 as feared but held just above the target of 9155/52. This could hold the downside again today but longs need stops below 9120 for a buying opportunity at 9085/75.


Immediate resistance at 9192/90 but above here we could see 9240 & perhaps a retest of 9257. Go with a break above 9265 & look for 9285/88, possibly 9297/9303.


Weekly outlook: All time highs at 9257. Only a close above here continues the bull run.

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

Posted-In: Technicals Markets Trading Ideas


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