DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW
DAX 40 running in positive trend and its immediate strong support are 17870 to 18115 level . Stop loss is 17850 level and it can rise towards 18900 level minimum . Intraday purpose buying is better for targets 18180,18210 and 18250 levels respectively with stop loss 17850 level. Wave 5 should take towards 18900 level with stop loss 17850 level .
QUICK FUNDAMENTAL LOOK
The DAX edged up 0.2% to trade around 18190 on Thursday, outperforming its European peers, although investors refrain from making big bets amid increasing concerns over inflation ahead of the release of key inflation data tomorrow, including US PCE inflation and preliminary inflation figures for France, Spain and Italy.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.