June 18, 2014
DAX has been rising recently after reaching the buy target 9800.00 that was set in our previous technical analysis report for this index. The index recently corrected shortly down after it reached the round resistance level 10000.00.
DAX is expected to resume the prevailing uptrend and to rise to the next buy target at 10200.00 (forecast price for the completion of the currently active 3rd minor impulse wave 3). Buy stop-loss can be placed below the former resistance level 9800.00 (acting as support after it was broken).
The post HY MARKETS News: Index Report:Deutsche Borse AG German Stock Index appeared first on | HY Markets Official blog.
