DAX Daily Forecast - 11 December 2018
Jason Sen | Dec 11, 2018 06:05AM ET
Dax I am almost tempted to buy for a short term bounce in oversold conditions, but it is high risk in the bear trend. Holding above minor support at 10670/650 targets 10710/730. A break above 10750 is a positive signal targeting resistance at 10800/820, perhaps as far as 10860/870 then 10940/960. From here up to 11000 is a major challenge and can be used as a selling opportunity.
Below 10630 risks a retest of 10580/560. A bounce from here is possible but longs remain high risk in the bear trend. Below 10520 look for 10440/420 and below 10400 targets 10340.
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