DAILY MAR'19 DAX - Friday's trade idea and technicals
Mar'19 Contract – Bullish daily signals to start this week had been confirmed as a sequence of higher daily lows and highs was extended. However, with momentum indicators diverging ahead of 11305.0, the window which has remained open since the 6th Feb close, Thursday’s outlook was more cautious and neutral. These too were confirmed as initial gains were given up and for sentiment to close lower on the day. The pullback is negative and with signals pointing lower the outlook for Friday is bearish and the call is to sell on the open and then at 11182.0, yesterday’s opening trade with a stop loss at 11227.0. Targets are to 11071.5, yesterday’s low, 11010.0, Tuesday’s base and 10921.5, this week’s low trade.
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