Technical forecast for Dax

dax2

Dax Sep13 should follow higher overnight US markets to fill the gap up to 8131. If we continue higher we could reach as far as 8200/15 & a possible selling opportunity as we start to look overbought short term. However shorts need stops above 8240 as a break higher could target 8268 then 8286.

Support at 8095/90 then 8045/40 but below here 8010/00 should be a nice buying opportunity.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More