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Germany 30 – DAX Index Analysis
Time Frame : Intraday 30min Chart
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The DAX may come under pressure during the European session as buyers rush to lock in some recent gains into the weekend especially if the Asian session is any indication of what is to come. The last few sessions have been good for the bulls but we expect selling pressure will re-enter below 10160 highs. Price has retested the resistance zone and now failed and has also pushed below the 10000 on the CFD showing sellers entering. The futures market is not open now but we expect to see them follow suit and head lower. Watching for a weak open and then a lower high to hold for the run towards 9520.
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Index : Germany 30 – DAX Index
Current Price : 9906
Status : On watch for price to find some selling into the weekend and long squeeze
