Dax 30 December consolidates gains in very quiet conditions
|Dax
Dax 30 December consolidates gains in very quiet conditions as we hold the July high at 13304. We are very overbought but I see no sell signal.
Trade the range from support at 13030/13000 up to 13270/280.
Daily Analysis
Dax minor resistance at 13100/1120 but above here allows a retest of minor resistance at last week's high at 13270/290. Above 13310 look for 13280 & 13330/350 before a retest of the September high at 13440/460.
First support at 13030/13000 but below 12980 targets 12910/900 with strong support at 12830/800. Longs need stops below 12770. A break lower targets 12670/650 with a buying opportunity at 12550/500 – stops below 12450.
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