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Dax 30 Daily Forecast - Outlook Positive

Published 12/30/2019, 02:13 AM
Updated 07/09/2023, 06:31 AM

Dax trades sideways as we hold below the December high for this year at 13458.

Dax bulls need to hold prices above 13325/335 to target 13370/380 & 13420/430 before resistance at the high for this year at 13458. A break above 13465/475 obviously required now to target 13530/540 with key resistance at the all time high of 13590/596 of course.

good support at 13285/280 but below 13260 meets strong support at 13210/200. Try longs with stops below 13190. A break lower risks a slide to 13150/140 then a buying opportunity at 13110/100, with stops below 13080.

Trends

Weekly outlook is positive

Daily outlook is positive

Short Term outlook is positive

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