DAX: Longs Need Stops Below 12100

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DAX: Longs Need Stops Below 12100

www.investing.com/analysis/dax-daily-forecast--13-april-2018-200305269

DAX: Longs Need Stops Below 12100

By Jason Sen | Apr 13, 2018 06:07AM ET

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DAX Weekly Chart

DAX failure to beat strong resistance at 12420/440 targets first support at 12320/330 before much better support at 12265/255. On further losses look for 12215/210 before a buying opportunity at 12165/155; longs need stops below 12100. A break below 12110/100 is a sell signal targeting 12070/060 and 12000/11980.

Strong resistance at 12420/440 has worked perfectly this week but shorts need stops above 12485. A break higher is a short term buy signal targeting 12520/540 and 12595/599.

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S&P 500 Futures	2,634.38	-8.62	-0.33%
S&P 500	2,637.72	+4.64	+0.18%
Nasdaq 100	6,682.74	+69.47	+1.05%
Dow 30	24,423.26	+34.31	+0.14%
SmallCap 2000	1,441.89	-6.19	-0.43%
S&P 500 VIX	22.64	0.00	0.00%
FTSE 100	6,765.34	+43.80	+0.65%
DAX	10,716.76	+94.69	+0.89%

Crude Oil WTI	50.81	-0.19	-0.37%
Brent Oil	59.73	-0.24	-0.40%
Natural Gas	4.505	-0.040	-0.88%
Gold	1,252.90	+3.50	+0.28%
Silver	14.672	+0.067	+0.46%
Copper	2.734	+0.014	+0.51%
US Soybeans	908.38	-0.62	-0.07%
US Wheat	523.50	-1.50	-0.29%

SPDR S&P 500	264.07	+0.50	+0.19%
VelocityShares Daily 2x VIX Short Term linked to S	52.51	-0.56	-1.06%
Invesco QQQ Trust Series 1	163.07	+1.69	+1.05%
Direxion Daily Junior Gold Miners Bull 3X Shares	7.28	-0.19	-2.54%
VelocityShares 3x Inverse Natural Gas linked to S&	51.43	+0.60	+1.18%
ProShares Ultra VIX Short-Term Futures	65.1600	-0.2000	-0.31%
ProShares UltraPro QQQ	44.77	+1.36	+3.13%
VanEck Vectors Gold Miners	20.1300	-0.0700	-0.35%

BTC/USD	3,504.4	-93.9	-2.61%
ETH/USD	91.90	-1.40	-1.50%
BCH/USD	99.11	-3.89	-3.78%
XRP/USD	0.30070	-0.00520	-1.70%
EOS/USD	1.9101	-0.0737	-3.72%
LTC/USD	23.940	-0.740	-3.00%
ADA/USD	0.030365	-0.000893	-2.86%
XLM/USD	0.11474	-0.00497	-4.15%

	Interest Rates	Next Meeting
FED	2.25%	Dec 19, 2018
ECB	0.00%	Dec 13, 2018
BOE	0.75%	Dec 20, 2018
SNB	-0.75%	Dec 13, 2018
RBA	1.50%	Dec 04, 2018
BOC	1.75%	Dec 05, 2018
RBNZ	1.75%	Feb 13, 2019
BOJ	-0.10%	Dec 20, 2018
CBR	7.50%	Dec 14, 2018
RBI	6.50%	Dec 05, 2018
PBOC	4.35%
BCB	6.50%	Dec 12, 2018

DAX: Longs Need Stops Below 12100

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