Dax monthly-bearish breakdown targets 10275 and 9910

DAX index December 2016 outlook

DAX index December 2016 outlook

Dax 30 index on last trading session closed with heavy loss at 10513. DAX daily chart price trend and momentum both are bearish. For month of December 2016, DAX entered into bearish territory and heading lower. Below 10550, DAX future will remain sell for targets 10275 and 9910. Expect reversal of trend if DAX gives weekly closing above 10550. On reversal expect bullish trend and bullish targets of 10900 and 11100 for DAX future. From long term view, DAX future below 10850 remain weak and absolute sell for deep downside target of 9250.

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Pramod Baviskar

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