DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW
DAX40 running in positive trend and its immediate strong support are 17940 to18090 level . Stop loss is 17900 level and it can rise towards 18580 level positionally . Intraday purpose buying is better for targets 18380,18400 and 18430 levels respectively with stop loss 17900 level . Inner calculations showing intraday stop loss is 17900 and wave 3 can take it towards 18580 level .
QUICK FUNDAMENTAL LOOK
Frankfurt’s DAX hovered close to the flatline at the 18,330 mark on Monday, holding the sharp gains from the prior week as investors continued to gauge the magnitude of rate cuts expected by the ECB and the Fed this year, and the impact that cheaper credit may have on the corporate sector.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .