Another fresh high on the DAX, followed by a swift rejection from this morning’s post-cash-open auction. 12261 remains the trend defining level for now (futures). 12487 is the main target for longs, providing that this trend continues.
The 250-tick chart has forged a nice ‘center’ line. This can often be an excellent tool for action/reaction. Perhaps that can offer a short-term intraday goal. Check out the video for more on that.
In the economic calendar we have a fairly light session today, but watch out for tomorrow’s German releases.
|DAX KEY LEVELS|
|FDAX KEY LEVELS|
|Point of Control :||12340|
|Value Area High :||12342|
|Value Area Low :||12310|