DAX Futures Forecast January 29, 2013, Technical Analysis

During the Monday session, the DAX pullback after the massive move we had seen on Friday. This makes sense, as the buyers would have needed to take a rest after the breakout. We feel that the €7800 level is the breakout point, and as a result we should begin to see support as we fall towards that level. Because of this, we are more than willing to buy this market closer to the €7800 level, or a break of the €7875 level which would represent a new recent high. As far as selling is concerned, we have absolutely no interest in doing so in this market.

 

DAX Futures Forecast January 29, 2013, Technical Analysis
DAX Futures Forecast January 29, 2013, Technical Analysis

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