(6709) The DAX confirmed a further session of consolidation interior the inside day with 6730 – 6495 still the levels to follow. Only a daily closing above 6730 will support higher levels!! The indicators of the daily chart are still well negative but those of the s/t ones are managing to remain above the line suggesting further upside potential. While above the 200 hours line at 6698 on an hourly closing we favour further strength for the DAX suggesting a test of the 6820 area.
We remain on the sideline for now waiting for stronger signals;
Follow possible updates.
Click here to read the full report: DAX 04.26
Future Trend Research