DAX Daily Forecast - 23 July 2018
Jason Sen | Jul 23, 2018 04:43AM ET
Dax key to direction is first resistance at 12525/515. Holding below 12500 is a sell signal targeting 12460 and 12430. If we continue lower look for the 2 week low at 12380/376.
Above 12550 allows a recovery to strong resistance at 12600/610. Watch for a high for the day. Shorts need stops above 12650. A break higher targets 12695/699 but VERY strong resistance at 12770/780 is a selling opportunity with stops above 12810. A sustained break above 12815 is a buy signal targeting 12840/850 and 12900/910.
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