Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Dax 30 Forecast For Dec 16, 2019

Published 12/16/2019, 03:14 AM
Updated 07/09/2023, 06:31 AM
DE40
-

DAX beat 13180/13200 to target 13250 before reaching 13458, just short of the next target of 13465/475. Friday’s negative candle is a strong warning to bulls although not enough to trigger a sell signal in the bull trend.

DAX likely to trade sideways after the negative candle on Friday. First resistance at 13320/330 but above here targets 13375/385 before the high for this year at 13458.A break above

13465/475 obviously required not to target 13530/540 with key resistance at the all time high of 13590/596 of course.

Failure to beat first resistance at 13320/330 risks a retest of first support at 13250/240. Longs need stops below 13220 for 13180/160, perhaps as far as 13130/120.

Trends

Weekly outlook is positive

Daily outlook is positive

Short Term outlook is positive

Latest comments

Risk Disclosure: 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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.