FxWirePro: Daily Commodity Tracker - 21st March, 2022 
After our previous short positions got stopped out as the bulls charged in April and as we revised the stop lower, we have recommended re-entering short positions in the last week of May at the then current rate of 12970 with the stop loss around 13650 area, https://www.econotimes.com/FxWirePro-DAX-GER30-enjoys-longest-weekly-Bull-Run-since-2015-but-that-might-change-soon-enter-short-positions-1327168
The recent agreement reached between the U.S. President Donald Trump and European Commission President Jean Claude Juncker to formally begin the trade negotiations had energized the equity bulls across the world, and it was threatening out short call on the German benchmark index DAX or GER30 (CFD of DAX), however, as the focus shifted on the effect of dollar liquidity shortage on emerging markets and impact of contagion to Europe from Turkey’s Lira crisis, which has plummeted almost 75 percent against the USD in 2018, the call is once again in a comfortable position.
In addition to that, stricter trade rules in the United States, higher payment for NATO countries and domestic political trouble rising from rampant immigration are favoring our outlook in DAX.
Trade idea:
In this review, we would like to urge our readers to maintain short positions in DAX as the call is currently 580 points in the money. While the final target is around 11000 area, we would like to add two interim targets around 11800 and 11500 area and to recommend 20 percent profit bookings at each of these targets.
