Support & Resistance
KEY LEVELS | Difference | |
Daily R2 | 9930 | -40 |
Daily R1 | 9845 | 24 |
Value High | 9808 | -50 |
Naked VPOC | 9761 | -57 |
24hr VWAP | 9740 | -13 |
34 Hour EMA | 9738 | 33 |
Daily Pivot | 9733 | 23 |
Value Low | 9721 | 40 |
Daily S1 | 9648 | 87 |
Daily S2 | 9536 | 86 |
200 Day EMA | 9487 | 4 |
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Dax Analysis
I will keep today’s report brief as I am lacking time, I will attempt to add to it during the day.
We are currently being trapped in a triangle formation and are likely to consolidate further today. If the trading candle completes entirely within yesterdays range, we have a great setup emerging. I am currently neutral/bearish.
Key points:
Watch a break below 9730 as it opens up 9650.
Break above 9817 and more importantly 9858, opens up door to 10k again.
Sideways action expected
Oil is still sinking, pulling other markets down with it
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