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DAX Futures - Jun 24

Real-time capital.com
Currency in EUR
Disclaimer
17,977.5
-249.5(-1.37%)
Real-time Data

DAX Futures Discussions

DAX is trading on the short-term Support made off the September 05 Low (12,600). So far this is holding, a closing below it, should test the true long-term Support 12,400 that has been tested so far three times (March 07, July 05, July 14) and held. The 1D chart is technically slightly to the bearish side (RSI = 40.491, MACD = -99.810, ADX = 32.350) but the RSI has been on Higher Lows since the July 05 low. We can't make 1-2 days projections as the volatility from Wednesday's Fed Decision is expected to be extremely high but we can set some break-out levels to trade with medium-term swing trades: 12,600 is a buy with a target at 13,550 and invalidation slightly below 12,400. The bearish break-out level is of course 12,400, which targets 11,900. The bullish break-out is the Lower Highs trend-line that started after the Jan 05 All Time High and if broken should target the 1D MA200 (which is currently at 14,140 but falling rapidly). I am back after a much needed quarterly break and will keep updating here as previously.
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w00t EB is back :)
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