Dax holding the 38.2% Fibonacci support at 12360/350

Jason Sen DayTradeIdeas.co.uk

Dax December contract

Dax holding the 38.2% Fibonacci support at 12360/350 re-targets minor resistance at 12395 but strong resistance at 12465/475 likely to hold a rally at this stage. Shorts need stops above 12515.

First support at 12360/350 but longs need stops below 12300. A break lower targets 12250/040 before a buying opportunity at 12220/10, with stops below 12180. Next support at 12165/155.

Author

Jason Sen

DayTradeIdeas.co.uk

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