17-09-2018 Dax Technical Analysis

17-09-2018 Dax

The trend defining level is 12033. The DAX has made higher highs and higher lows and is technically in a bullish reaction wave. The gap lower this morning will put pressure on that level. A break below ‘033 opens up 11995 and a break above the Friday high opens up 12208.

Good morning traders. I’m back. But I don’t have a huge amount to write about today because i did not really participate on Thursday or Friday. So I will keep it simple and have more for you tomorrow.

For the stock markets, there is only one topic for the start of the week: the trade dispute between China and the USA. The tariff dispute is one of the main risks for the world economy and thus also for the financial markets. China threatened with a media report to stay away from the next scheduled round of negotiations with the US, the United States should impose new tariffs. It will not be “with the pistol on the chest. Last week, there were still hopes on the stock exchanges that the two economic powers in the conflict to approximate higher tariffs.

According to polls, stock market participants are worried about the economic outlook for the Eurozone due to trade disputes and emerging problems. Analysts expect that Friday’s upcoming manufacturing PMIs will be lower. There is little hope for an early end to the weak phase of the industry in the euro area.

17-09-2018 Dax Video

17-09-2018 Dax Charts

 

 

 

17-09-2018 Dax Key Levels