Dax March contract
Dax topped exactly at strong resistance at 10950/11,000. It is increasingly unlikely, but if we break high we meet the biggest resistance of the week at the 7.5 year trend line at 11140/160. Try shorts with stops above 11240.
Failure to beat 10950/11000 re-targets 10910/890 then 10850/830. We bottomed exactly here on Friday but below 10800 meets good support at 10700/690. Longs are now too risky in the bear trend. A break below 10670 targets 10640/630, perhaps as far as 10580.
The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.