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DAX 30 Negative Outlook For Dec 10. Here's What To Watch

Published 12/10/2019, 02:02 AM
Updated 07/09/2023, 06:31 AM

DAX topped exactly at 13180/13200 but it is unlikely you had a chance to short before the sell-off to 13110/090. Outlook is quite negative for today.

DAX it is worth trying shorts at 13180/13200 with stops above 13220. A break higher is a buy signal targeting 13250 before the recovery high at 13365/375.

Shorts at 13180/13100 target 13160 and minor support at 13110/090. A break lower targets 13030/020 perhaps as far as strong support at 12890/870 for some profit-taking on shorts. A break below 12840 targets 12790/780 and 12700/680.

Trends

Weekly outlook is positive

Daily outlook is positive

Short Term outlook is positive

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