Dax40 TECHNICAL ANALYSIS SHORT TERM VIEW
Dax40 is running in downtrend and its trend is negative and its resistance area is 14845 to 14985 and overall final stop loss 15100.It can decline below 14626 level in form of wave 5 as shown in graph.Intraday purpose we can sell it at present levels with stop loss 15100 for 14750,14700 and 14650 targets respectively.
QUICK FUNDAMENTAL LOOK
German shares saw modest gains on Tuesday morning, with the DAX index 0.25% in the green, as investors assess the latest PMI figures suggesting an ongoing recession in the eurozone’s largest economy.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.