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DAX futures analysis 09/06/2017

DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1)


The DAX has opened strongly and pushed higher again as the bulls look back towards a test of the 12,880 high.

Corrections remain a chance to buy and the latest correction within the range has used the 12,666 mid-range pivot as a basis of support.

Momentum indicators have been mixed on a near term basis but seem to be a medium term bull consolidation and could still be the basis of the next run higher.

  • The resistance at 12,880 will subsequently be key.

The hourly chart shows a push back above 12,790 which has been a pivot and this re-opens 12,880.

  • Initial support is at 12,745 which is a breakout over the past few days, whilst the pivot around the middle of the almost 400 tick range 12,492/12,880 is now a range 12,634/12,709.

Corrections remain a chance to buy.


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At Hantec Markets Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.