DAILY MAR'19 DAX - Tuesday's trade idea and technicals
This week’s signals have continued to point higher, but with futures overstretched at 7 month highs the call is a cautious one which is also pointing to buying dips. Monday’s trading was inconclusive, as initial gains to a fresh 12396.5 top attracted sellers, but for a long trend of higher daily lows to be extended and for sentiment to close little changed on the day overall. Signals are not strong, but the loss of a topside momentum has left a negative bias and the outlook for Tuesday is cautiously bearish and the call is to sell on the open and then at 12360.0 with a stop loss at 12406.5, yesterday’s high. Targets are to 12275.0/83.5, Friday & Monday lows, 12206.0/16.5, last week’s base and 12124.0, the 18th April low trade.
3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.