DAX Technical Preview: Uptrend Continues
Petros Steriotis | Mar 22, 2015 12:37AM ET
DAX futures are unstoppable as they closed the week above psychological support of 12K. There is support @ 11.970, 11.890 and 11.810. There is resistance @ 12.110 and 12.240. Fundamentals speak for a continuation of the uptrend as the weak euro-currency helps German exports and the country’s bond yields are at record lows. We are buyers on pullbacks to support and don’t consider shorting this market just because it has run too far too fast.
DAX-30, hourly chart:
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