By Dominic Picarda.
The DAX triggered my buying advice yesterday by closing strongly through its 21-hourly EMA. I reiterate my call for a move to 8836. The latest bout of water-treading overnight should therefore be treated as another buying opportunity.
Support: 8725.8 – Resistance: 9000.1
Support: 8700.6 – Resistance: 8938.2
Support: 8641.1 – Resistance: 8835.7
Support: 8600.1 – Resistance: 8800.1
DAY: I’d buy a bounce from around the 13-hourly EMA.
POSITION: Nothing for now.