Day trade
Trade view / 13 September 2016 at 9:12 GMT

Dipping into the Dax ahead of US open

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

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
DAX Daily

Chart 2: Weekly Bar
DAX Weekly

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more
andywielkiszu andywielkiszu
would you close it now after such price action?
andywielkiszu andywielkiszu
boom. sl
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
Indeed. Stopped out into the close last night. Be aware Roll-over is Friday and we are starting to see some volatility that may be associated with this, so things could be messy for a few days. I will be leaving it alone for now...


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