Relevant articles for you


News that the EU and the UK had agreed a 21-month Brexit transition deal propelled sterling higher yesterday but some gains were subsequently lost as doubts crept in. Sterling faces a difficult week between today's CPI, tomorrow's BoE meeting and the EU summit in Brussels on Thursday and Friday.
Short term
Trade view / 23 August 2016 at 8:13 GMT

Dax downside rejection says get long

Technical Analyst / FuturesTechs
United Kingdom
Price target:
Market price:

Yesterday saw a 270 tick selloff in the Dax Futures (Sep '16); from 10,657 to 10,386. This low was very quickly "rejected" with a long lower shadow showing up on a number of the smaller timeframe charts (i.e. 10 minute to 60 minute). The thing that interested me was where this low came in, as it was in the gap created when we opened strongly on August 8. This morning has started well for the bulls with the early rotation holding support at 10,510 (yesterday's VPOC (most actively traded price). I want to get long on the back of this!

Management and risk description


Entry:  Buy above 10,510.

Stop: Below 10,440.

Targets:  10,650, 10,800 and 10,990.

Time horizon: 2 days to 2 weeks.

Chart 1: Daily candlestick chart
DAX Daily
Chart 2: Weekly bar chart

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
First target at 10650 has just been hit.
bancodemon bancodemon
nice TP for me based on your advice...much thanks
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
We have seen a weaker tone this morning and we're not too far away from retewsting that 10510 levle that was the basis of Tuesday's trade. I still think this is a level of note so am watching to see if we see buyers returning and/or any signs of downside rejection.


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer
- 沪ICP备13028953号-1

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail