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Dax Technical Analysis 01/12/2016

Dax Technical Analysis 01/12/2016

Hello traders! Oil rallying 10% was one of the main stories to come out yesterday as OPEC agreed to cut production by 1.2 million bpd, which will likely cascade and have a knock on effect in the markets. Italy are still on the fundamental agenda, with political...
Dax Technical Analysis 29/11/2016

Dax Technical Analysis 29/11/2016

Hello traders! A little later than expected today as I had to attend a meeting, on my way there this morning I had to clear frost from my car windscreen, a clear sign that ‘winter is coming’, it’s taken a while. Yesterday we had a Marabuzo candle on...
Dax Technical Analysis 28/11/2016

Dax Technical Analysis 28/11/2016

Good morning traders! I hope you all had a nice weekend. Let’s see what the market brings to us this week.The session opened with a 25 point drop which took out the daily pivot on the pivot point indicator. The daily S1 at 10 663 could be the next level of...
Dax Technical Analysis 25/11/2016

Dax Technical Analysis 25/11/2016

Good morning traders! The story is still the same as yesterday, so I can’t imagine there being much to report on today. There is still the two carved-out zones dominating price action at the moment, which I posted the charts for already. We have been held in...
Dax Technical Analysis 24/11/2016

Dax Technical Analysis 24/11/2016

Good morning traders! Two pictures can pretty much summarise where we are right now Dax is still range bound As we have discussed for a week or two now, we have carved out two distinct zones here on the Dax. We are trapped in a fairly compact range and price has been...