DAX: Risks Are To The Downside Today
Jason Sen | Jun 22, 2017 02:47AM ET
DAX key to direction is the 12780/790 level but risks are to the downside today. Holding below here targets 12700/690 and 12665/655, perhaps as far as 12630. If we continue lower look for a test of last week's low at 12615/610.
First resistance at 12780/790 but shorts need stops above 12820. A break higher however targets 12840, perhaps as far as 12880/885 before the 12940/950 September contract high. If we break higher today look for 13000/010 and 13055/060, perhaps as far as 13115/125.
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