Dipping into the Dax ahead of US open
We have dipped back to support at 10,434 which was yesterday's day session high and therefore a reference point for day traders. We have found support around here so we'll back the idea that a rally can be seen now, especially when US trade kicks in (they love buying a dip over there!).
Management and risk description
Entry: Buy Sep '16 Dax Futures at market (currently 10,450)
Stop: Below 10,390
Targets: 10,540, 10,600, 10,705, or cover remaining balances at the 1530 (GMT) close.
Time horizon: Day trade.
Chart 1: Daily Candlestick
Chart 2: Weekly Bar
— Edited by Clare MacCarthy
Non-independent investment research disclaimer applies. Read more