DAX Index Futures forecast for the week of January 28, 2013, Technical Analysis

The DAX had initially fallen during the previous week, but found plenty of support at the €7600 level in order to bounce high enough to breakout finally. Now that we have broken out, it is obviously you should be buying the DAX market at this point in time. The €7800 level has been violated, and in fact been closed above. This is exactly the type of price action that we need to see in order to be confident that the uptrend is going to continue. With that being said, we believe the bombing at this point in time is a reasonable trade.

 

DAX Index Futures forecast for the week of January 28, 2013, Technical Analysis
DAX Index Futures forecast for the week of January 28, 2013, Technical Analysis

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