Market Analysis of DAX 40 on Wednesday 9 August 2023

2023-08-09 20:08Source:BtcDana

DAX 40 TECHNICAL ANALYSIS SHORT TERM VIEW    

  Dax 40 has resistance  15960 to 16067 levels as shown in graph.It has made irregular correction at 15711 level. So it can fall sharply below 15711 level .Stop loss is 16100 and trend is negative so selling is better when it comes to resistance with stop loss 16100.

 QUICK FUNDAMENTAL LOOK                                                                     

European equity futures are signalling a rebound on Wednesday after the Italian government softened its stance on a new banking levy, which sent financials reeling the day before.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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