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DAX: Further Gains Target 10675 And 10690

Published 12/02/2016, 04:18 AM
Updated 07/09/2023, 06:31 AM

DAX Weekly Chart

DAX closed just below support at 10510/500 in the end. Holding below here this morning targets the next support at 10430/420 which could hold for the morning session; but longs need stops below 10390.

A break lower targets much stronger support at 10340/330. We have not seen a weekly close below here for a month. A break below 10310 today is more negative therefore and targets 10270/260 then important support at 10190/180.

First resistance at 10500/510. Above last week's low at 10536 allows a recovery to strong resistance at 10585/595 and probably the best chance of a high for the day. Shorts need stops above 10640. Further gains target 10675 and 10690.

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