DAX 30 Futures Forecast January 17, 2013, Technical Analysis

The DAX fell during the session on Wednesday, only to fill in the gap that we had seen form two weeks ago. Because of this, we now feel that buyers will more than likely be willing to step into the market based upon this and the fact that the daily candle is a hammer. We think this is a very strong market, and of course wouldn’t short it based upon what we’ve seen over the last two months. With that being said, if we move above the €7800 level, this market could really start to take off.

 

DAX 30 Futures Forecast January 17, 2013, Technical Analysis
DAX 30 Futures Forecast January 17, 2013, Technical Analysis

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