Stock Markets Analysis and Opinion
DAX 40 Bounces Back And Could Target 13200/250
2022.10.27 01:16
40 December futures shorts at resistance at 12900/950 offered a little profit on the slide to 12804, but we did not reach support at 12780/740.
December bouncing around with no clear direction.
Today’s Analysis
DAX December has now bounced back above resistance at 12900/950 and could target 13200/250. We should struggle to beat this level here today but shorts are probably too risky. If we continue higher look for 13370/380.
Strong support at 12950/900. Longs need stops below 12850.
FTSE December bounces back to resistance at 7000/7020. A break above this week’s high at 7054 targets strong resistance at 7110/20.
First support at 6900/6880.
