Dax holding above 13300/280 keeps bulls in control

Jason Sen DayTradeIdeas.co.uk

Dax

Dax 30 December moving so slowly but beats minor resistance at 2 week highs at 13280/300 to reach 13370, holding below important resistance at the September high at 13440/460.

Daily Analysis

Dax holding above 13300/280 keeps bulls in control for a retest of yesterday's high at 13370 before important resistance at the September high at 13440/460. A break higher is a buy signal.

Longs need stops below 13260. A break lower targets 13200/190, perhaps as far as 13150/140. Longs need stops below 13110. Next target & support at 13030/13000.

Chart

Author

Jason Sen

DayTradeIdeas.co.uk

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