Dax Outlook 2017 W31

Dax Outlook 2017 W31

The Dax recovered for 2 days from the lower Bollinger Band before falling back to it on lower levels.

The MACD is bearish, the RSI is at 34,25 and the VDAX-NEW is at 13,99.

The next support is in the 11’800 to 12’000 area, where also the 200-Day SMA currently is. A drop to there is possible but this would increase chances of a recovery to around 12’500 afterwards. (if the 11’800 is not broken to the downside)

 

Support:             12’000,  11’800,   11’600, 11’400, 11’380, 11’286,11’200,11’000, 10’800, 10’570,10’380, 10’320, 10’150,10’100,  9’930, 9’850, 9’750, 9’600,  9’360,  9’214,  9’000,  8’903,  8’500

Resistance:      12’200, 12’300, 12’400,12’600, 12’850, 13’500, 14’000, 14’500

 

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