DAX Futures Forecast January 31, 2013, Technical Analysis

The DAX fell rather significantly during the session on Wednesday, but found support at the €7775 level. This was the area that we have just broken out, and as a result seen support there would not have been much of a surprise. With that being the case, we believe that buying at this general area is going to be the way to go. The DAX is by far one of the stronger markets in Europe, and as a result we think that the continued upside move will be the order of the day this year. As for selling, we see aptly no reason to do so.

 

DAX Futures Forecast January 31, 2013, Technical Analysis
DAX Futures Forecast January 31, 2013, Technical Analysis

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