Technical forecast for Dax

Dax Sep13 beat 8035/45 to reach 8076 but overstretched to 8091. A break above Fibonacci resistance at 8095 today is possible & should see us fill the gap up to 8131. If we continue higher we could reach as far as 8195/200 for a selling opportunity this week as we start to look overbought short term.

Failure to break 8095 could see a drift lower to 8035/25. Look for a low for the day here but if we continue lower we should find an excellent buying opportunity at 7990/80. Use stops on longs below 7965.