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DAX Bulls Remain In Control Despite Overbought Conditions

Published 11/17/2019, 07:30 AM
Updated 07/09/2023, 06:31 AM

DAX December Contract Daily Forecast - November 18, 2019

Dax December Contract Chart

DAX holding below 13170 meets first support at 13110/100. Downside is expected to be limited but further losses target 13050. The next target is 12990/980.

Holding above 13190 allows a recovery towards 13280/290. Bulls remain in control despite overbought conditions so a break above 13300 can be taken as a buy signal. Gains are likely to be slow but we can target 13370 and 13395/400. On a break above 13420 looks for 13490/499.

Latest comments

Thanks joson,I believe that will moveing up for short Hours, then will moving down for weeks, I see the price and trand going up however the same period last year the going down up to February.
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