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DAX Week 22-26 07

Rebound

Resistance

12440 / 12330

Target

11360 / 11530

Support

12142 / 12200

Point to watch

Rebound in downtrend

Price reaching point of interest for buyers. 

Good chance for support and opportunity for long position.  

Watch for sign of price stabilisation and long base between 12140-12070 for best entry however price declined many sessions all ready and relief can come earlier. 

Solid targets would be next strong resistances 12330/440 but combination of events witch shorto covering and coming in long positions can send price back to top.

Breaching 12070 will stun buyers for another 300p decline 

 

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