WEEKLY DEC'17 DAX - signals continue to point higher
DEC'17 Contract – Bullish signals for DAX in each of the last 4 weeks have been confirmed, investors buying futures last week to post a 3rd higher weekly low & high in a row, though for just a modest gain of just under 100 Pts. Bulls are cautious with sentiment testing July’s 12672.0 top and although pullbacks are likely, the outlook for this week remains cautiously positive, buying modestly on the open and then at 12514.0, last week’s low with a stop loss at 12418.0, the 11th Sep Marabuzo line. Targets are to 12668.0/72.0, July’s high, 12835.0, the 13 week top and 12948.5, June’s record.
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