Dax Outlook 2015 W24

A further week of losses sent the Dax down to 11’197 breaking the support at 11’360 and even hitting a low of 11’155.

The MACD is bearish, the RSI is at 38,49 and the VDAX moved up to 23,49.

For the coming week a view is very difficult. Below 11’169 there is a good chance of going down to 10’900. If the Dax manges to move above 11’200 again, a rise up to 11’500 could be possible.

Support: 11’200, 11’000, 10’800, 10’570, 10’320, 10’000, 9’930

Resistance: 11’360, 11’400, 11’600, 11’800, 12’200,  13’500, 14’000, 14’500

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