Daily Forecast - 24 April 2014

Dax June contract

DAX

Dax held 9635 & headed for our first support at 9550 to bottomed almost exactly here at 9555. Good support at 9555/9550 again today but below here a buying opportunity at 9510/00. A good chance of a low for the day but longs need stops below 9470.

Immediate resistance at 9630/9635 but a break higher today sees 9655/65 then February/April highs at 9730/40. If this does not hold a move higher we could target all time highs at 9802 this week.

Video analysis: https://www.youtube.com/watch?v=5CLNELwsQ-Y

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