Live Chat
Official Global Partner of
West Ham United FC
Fund Account Open an Account Try Demo Portal
Menu ☰

DAX futures analysis 31/07/2017

Posted by on Jul, 31 2017.

DAX futures (Sept 2017 contract is FDXU7, continuation contract is FDXc1)

 

The DAX remains under selling pressure but that does not mean there are no chances to sell.

With the sellers in control, intraday rallies will be seen as selling opportunities and this morning’s rally is likely to be just that.

Daily momentum indicators remain correctively configures, whilst the run of lower highs and lower lows continues the move towards the two month top target of 12,030.

  • Having broken down below 12,303 and seen the subsequent rebound leaving a key band of resistance 12,303/12,340 however the hourly chart shows a band of near term resistance 12,200/12,250 that will be seen as a “sell zone” today.
  • The support of last week’s low at 12,088 is likely to be retested in due course  whilst the next key support is not until 11,965.
  • Today’s low at 12,120 is initial support.

 

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

Education & Tools

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, Central African Republic, Democratic Republic Congo, Eritrea, Iran, Iraq, Israel, Libya, North Korea, Somalia, South Sudan, Syria, USA, and Yemen.

Leveraged Trading Involves Risk. Losses May Exceed Deposits.