DAILY MAR'19 DAX - Tuesday's trade idea and technicals
Mar'19 Contract – The end to a sequence of higher weekly lows has kept this week’s signals pointing lower. However, Friday’s buying from close to 10827.0, a 50% pullback to the Dec-Feb gains extended on Monday, sentiment improving by almost 100 Pts. Although this is mildly positive, the rally is probably corrective and temporary, but with no sign yet that it is ending the outlook for Tuesday remains bullish and the call is to buy on the open and at 11004.0, yesterday’s close with a stop loss at 10921.5, yesterday’s low. Targets are to 11100.0, 11183.0, at 11183.0, a 62% recovery to February’s losses and 11297.5, Thursday’s high trade.
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