DAX Index Futures Forecast January 23, 2013, Technical Analysis

The DAX futures fell rather sharply during the session on Tuesday, but found no support at the €7625 level in order to form a nice hammer. This suggests to us that the market still has a very upward bias in it, and as a result we simply will not sell it at this point. If we managed to break above the top of the candle for the session, we think that it could signal that €7775 is finally going to give way. If that happens, we think this market is much higher.

 

DAX Index Futures Forecast January 23, 2013, Technical Analysis
DAX Index Futures Forecast January 23, 2013, Technical Analysis

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