Jump to content

ger30 DAX daily anylysis


oilfxpro

Recommended Posts

It is caught in a ranging market   , with  9700  clear support and 10,100 resistance .Euro is flat , and strength of euro  affects  german exports 

 

Probably  back above 9950 , current momentum of indices?depends on wall street open

 

 



Link to comment

if 9840 resistance  becomes support , it may touch 9950.I am long at 9840 stop below 9830.stop now at 57  

 

https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=trading%20support%20resistance%20%2C%20tested%20support%20%2Fresistance

 

I like to read posts  ,where traders take positions and their anylysis , as opposed  to after event   claims of delusional profits  , ego boosting claims  , which are of no use to anyone reading.

 

 https://www.google.co.uk/search?q=trading+support+resistance&oq=trading+support+resistance&aqs=chrome..69i57j0l5.9960j0j8&sourceid=chrome&ie=UTF-8#q=tested+support+resistance&tbm=vid

 

 





 

 http://www.quotenet.com/index/market-movers/DAX

Link to comment

Dax looks good for long above 9630

 

dax  calls 9620  for 20   might be a good trade.9630  is  resistance , it is friday  , if it breaks  it is going 9700 major resistance

 

dax isdangerous for cash trading , so I only trade options

 

 

 



Link to comment
  • 2 weeks later...

The Dax has certainly entered a congestion zone on the hourly chart although which side it emerges on is not clear.  With RSI and Stochastic in near over sold territory there could be a small bounce from here but with Neg Mom Div from yesterdays turn down still dominant I would say there longer term trend is still down here.  My upper tramline is showing strong resistance so Shorts near the tram of after a break through resistance are my favoured bets on the Dax.  Any Long could run out of steam before the tramline.

 

US open will probably tell the tale.

 



Link to comment

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...