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DAX 30 Forecast For Feb 13, 2020

Published 02/13/2020, 01:30 AM
Updated 07/09/2023, 06:31 AM
DE40
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DAX we wrote: holding above 13635/640 is positive targeting 13660/670 then 13695/705. On further gains look for 13765/785.

All targets hit and we topped exactly here.

DAX seeing profit-taking from 13765/785 to 13719 with minor support at 13700/690 then better support at 13650/640. If we continue lower try longs at 13580/560 with stops below 13530.

Key resistance at 13765/785 so a break above 13810 is a buy signal targeting 13855/865 then 13900/920.

Trends

  • Weekly outlook is positive
  • Daily outlook is neutral
  • Short Term outlook is positive
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