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DAX futures analysis 25/04/2017

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


The bulls remain in control today refusing to give back any of yesterday’s huge gains that moved the market into new all time highs.

The day after a big run higher is always interesting to see how traders react and so far the signs are positive.

Further gains are being posted, albeit only marginal gains at present.

However the market pushing back above yesterday’s high suggests continued strength.

This is reflected in strong momentum indicators with the Stochastics rising strongly and MACD lines just crossing higher.

However there is likely to be some sort of intraday dip at some stage and that will be when we see how strong the bulls really are.

  • Support initially comes in with today’s open at 12,450 whilst the old April 2015 high at 12,430 is supportive, as is the previous April high at 12,411.

These levels need to hold for the bulls to sustain the momentum near term.

  • Resistance is today’s high at 12,518.


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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.