MARKET: GERMAN DAX 30
SYMBOL: GER30 (CFD) and TMZ18 (Dec Futures)
KEY LEVELS
I will update these tomorrow and include CFD
DAX VIDEO
DAX FUTURES OBSERVATIONS
- The daily EMA200 (red) is 483 and EMA50 (red) is 328
- The 175 low held with a rejection of lower prices yesterday
- There was a failure to break the Friday low and the price action has created a doji candle on the daily chart
- We are currently just under the weekly pivot and the composite value area low (see 10-minute chart)
DAX FUTURES TARGETS
- Downside targets
- 12,246 (Yesterday’s POC)
- 12,226 (Yesterday’s value area low)
- 12,169 (19/9 POC which is similar to the monthly pivot)
- 11,982 (12/9 POC)
- Upside targets
- 12,294 (Monday Value Area Low)
- 12,320 (Monday POC)
Daily Chart (Futures)
10-minute chart (Futures)
