DAX Holding First Assist At 11980/960 Permits Additional Restoration

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DAX Daily Forecast – May 15, 2019

Dax

holding first support at 11980/960 allows a further recovery to 12035/055 resistance at 12070/090. Above 12110 targets a selling opportunity at 12150/170 with stops above 12210.

Holding below 11950 keeps the pressure on for 11930/920 and first support at 11880/870. A break below the 11840/830 low is a sell signal targeting minor support at 11750/740 and 11700/690. Further losses test the 200-day moving average at 11655/645.

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