DAX Every day Forecast – Break Beneath 11840/830 Low Is A Promote Sign

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DAX Daily Forecast – May 16, 2019

Dax

dips back to 12035/055 with first support at 11990/970. Back below 11950 keeps the pressure on for 11930/920 and second support at 11900/880. A break below the 11840/830 low is a sell signal targeting 3-month trend line support at 11780/770 so a break below here is another important sell signal.

The only hope for bulls is to hold prices above 12050. Minor resistance at 12070/090 but above 12100 targets a selling opportunity at 12130/150 with stops above 12200.

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