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DAX Daily Forecast - 18 October 2018

Published 10/18/2018, 02:00 AM
Updated 07/09/2023, 06:31 AM

Dax

Dax bounces back to 11770/790 with strong resistance at 11800/820 again today. Shorts need stops above the September low at 11860. If we continue higher look for 11900/920 and 11980/999.

Failure to beat strong resistance at 11800/820 re-targets minor support at 11710/11690. The downside is expected to be limited but below here look for strong support at 11650/630. Longs need stops below 11600 for a buying opportunity at 11520/500.

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