Dax 30 December futures

Dax beat 13180/13200 to target 13250 before reaching 13337 as I write, just short of the recovery high at 13365/375.

 

Daily Analysis

Dax on the way to the recovery high at 13365/375. Further gains in the bull trend target 13410/420 & 13465/475, perhaps as far as 13530/540. Obviously resistance at the all time high of 13590/596 is then key to direction.

Minor support at 13240/230 then strong support at 13160/140 but longs need stops below 13100.

 

Trends

Weekly outlook is positive

Daily outlook is positive

Short Term outlook is positive

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