Dax: A break above 13300 is a buy signal targeting 13400
|Dax
Dax 30 September beat key resistance at 12870/900 for buy signal targeting 12960/990 & last week's high at 13040/050, before reaching 13194 as I write early this morning.
Daily Analysis
Dax beats last week's high at 13040/050 for further bullish signals as we look for a test of to July recovery high at 13300/304. Obviously a break higher is a buy signal targeting 13400/420 & 13490/500. Eventually we look for 13550 & 13620/640.
Important support at 13100/13050 but longs need stops below 12990.
| Trends | |
| Weekly Outlook | Positive |
| Daily Outlook | Neutral |
| Short Term Outlook | Neutral |
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