Friday
Nov 21st
Dax Technical Analysis - 06 Feb
White candle and average volumes have characterized today's session of the Dax future that has traded for the last 9 weeks within the range 7.030 - 6.690. Our advice is to wait till it moves out of this restricted channel. Technically talking we should open short positions if the future hits and breaks the support at 6.690. On the other hand, above the resistance at 7.030, the breakout should push the price up.
Short: < 6.690 and T1 at 6.400.
Long: > 7.030 and T1 at 7.430.
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