Live Chat
Open a Live Account
Try MT4 Demo
Fund Account Open a Live Account Try MT4 Demo Portal
Menu ☰

DAX futures analysis 12/06/2017

Posted by on Jun, 12 2017.

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

 

Once more another false start in the attempt to push for new high ground as the DAX has opened lower today.

However having held on to the support around the middle of the recent near 400 tick range, the outlook remains positive that this stuttering rally will test higher.

It could just be a matter of time.

The key support near term becomes last week’s low at 12,634 which needs to hold for the bulls to retain control of the range.

The momentum indicators have unwound now and will be ready to show signs of the bulls being ready to take control again.

For now though these strong medium term configuration are in consolidation.

A bull cross on the MACD lines would be an interesting signal to watch for now.

  • The hourly chart shows initial support is at 12,734 but there is a band between 12,690/12,745 that will be seen as important to continuing the recent pick up in sentiment.
  • Resistance initially is at Friday’s high of 12,827, above which re-opens the 12,880 all-time high.

 

Ready to start trading?

Open an Account Try Demo

  • Archive

  • Topics

  • Videos
Research Risk Warning

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.

Platforms

Products

Support

Professional

This website is owned and operated by Hantec Markets Limited. Registered Office: 43-45 Dorset Street, London, W1U 7NA.
Company No. 06819047 FCA Register No: FRN 502635.

Hantec Markets is a trading name of Hantec Markets Limited who is authorised and regulated by the Financial Conduct Authority (FCA) in the UK. FCA Register No: FRN 502635.

The information and content provided on the website (“the Information”) you are going to access, has been compiled and presented in accordance with UK laws and regulations. The Information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use may be contrary to any of the laws or regulations of that jurisdiction. The products and services described herein may not be available in all countries and jurisdictions. Those who access this site do so on their own initiative, and are therefore responsible for compliance with applicable local laws and regulations. The release does not constitute any invitation or recruitment of business.

Hantec Markets does not offer its services to residents of certain jurisdictions such as Afghanistan, Belgium, Guinea Bissau, Iran, Israel, Libya, North Korea, Somalia, South Sudan, Syria, USA and Yemen.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 70% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you can afford to take the high risk of losing your money.