DAX:Unable To Beat 9600
Jason Sen | Mar 06, 2014 05:02AM ET
The DAX has been unable to beat 9600 and turned lower as predicted to support at 9530/25 and bottomed exactly here. Outlook is mixed but a break lower targets 9490/85. If we continue lower look for good support at 9465/60 and a low for the day likely but longs need stops below 9430. Just be aware that on a break lower today we have a gap to fill at 9373/68.
Immediate resistance at 9600/05 could hold a move higher but shorts need stops above 9613 for a move towards 9648 then short term trend line resistance at 9670 which could hold a move higher.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.