Market Analysis of DAX40 on Wednesday 8 May 2024

2024-05-08 18:09Source:BtcDana

DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW     

  DAX 40 running in positive trend and its immediate strong support are 17288 to 17385 level .  Stop loss is 17260 level and it can rise above 18573 level or higher levels .Intraday purpose buying is better for targets 18545,18570 and 18600 levels respectively with stop loss 17260 level .5 minute chart indicating for rise above 18572 anytime with stop loss 17260 level.

 QUICK FUNDAMENTAL LOOK                                                                     

The DAX gained 0.3% to approach the 18500 level, potentially setting a new record closing high.Traders remain optimistic about the possibility of lower interest rates and are closely monitoring corporate earnings releases.

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

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