DAX index is trading flat after a minor jump from the low of 11730 made on Friday and closed slightly weak at 12159 0.1% lower. US futures has shown a good sell-off after US President Trump’s chief economic advisor Gary …
DAX index is trading flat after a minor jump from the low of 11730 made on Friday and closed slightly weak at 12159 0.1% lower. US futures has shown a good sell-off after US President Trump’s chief economic advisor Gary Cohn resigned. S&P500 futures is trading weak after hitting high of 2732 .It is trading at 2694 1.09% lower. Asian stock indices are trading lower on the footsteps of US markets.
DAX index has formed a minor top around 12605 and started to decline from that level. The index should close above 200- day MA at 12740 for further bullishness.
The minor bullishness can be seen only if it closes above 12340 (10- day MA) and any close above will take the index to next level till 12500/12605. It should break above 12740 for further bullishness.
On the lower side, near term major support is around 11800 and any close below will drag the index till 11400/11000.The minor support is around 12000.
It is good to buy on dips around 12000-050 with SL around 11730 for the TP of 12420/12660.
