DAX: Support At 10090/80 Is Key To Direction
Jason Sen | May 03, 2016 06:08AM ET
DAX best support of the day at 10090/80 so this is key to direction again today. Risks are to the downside so be ready to sell a break below 10050 to target 9999/95 then 9938 and perhaps as far as 100 day moving average support at 9905/00.
If we manage to hold 10080/90 for a recovery, look for first resistance again at 10160/170. Gains are expected to be limited and we should struggle here, but if we continue higher look for a selling opportunity at 10230/240, with stops above 10280.
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