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.
Key Levels
| DAX KEY LEVELS | |
| CFD | |
| POC : | 12329.0 |
| VAH : | 12337.0 |
| VAL : | 12305.5 |
| VWAP : | 12314.7 |
| R2 : | 12391.4 |
| S2 : | 12239.2 |
| Pivot : | 12315.3 |
| High : | 12342.0 |
| Low : | 12265.9 |
| FDAX KEY LEVELS | |
| CFD | |
| Point of Control : | 12340 |
| Value Area High : | 12342 |
| Value Area Low : | 12310 |
| VWAP : | 12320 |
| R2 : | 12400 |
| S2 : | 12250 |
| Pivot : | 12325 |
| High : | 12350.0 |
| Low : | 12275.0 |
