DAX30: Go long above 9770
Major resistance – 9770 (daily Kijun-Sen)
The index has broken high 9718 (High made after Brexit) and jumped till 9795. It is currently trading around 9726.
DAX30 should close above 9770 for further bullishness. Any break above 9770 will take the index till 9860 921 day MA)/ 9940 (90 day EMA)/10084 (200 day MA)/10300.
On the lower side, minor support is around 9620 (4 H Tenkan-Sen)/9572/9510 (yesterday low).
Short term weakness only below 9400 (61.8% retracement of 9161 and 9795).
It is good to buy above 9770 with SL around 9620 for TP of 10080/10300.
The index has broken high 9718 (High made after Brexit) and jumped till 9795. It is currently trading around 9726.
DAX30 should close above 9770 for further bullishness. Any break above 9770 will take the index till 9860 921 day MA)/ 9940 (90 day EMA)/10084 (200 day MA)/10300.
On the lower side, minor support is around 9620 (4 H Tenkan-Sen)/9572/9510 (yesterday low).
Short term weakness only below 9400 (61.8% retracement of 9161 and 9795).
It is good to buy above 9770 with SL around 9620 for TP of 10080/10300.