DAX weekly technical report for 9 to 13 may 2016

DAX weekly technical report for 9 to 13 may 2016 DAX weekly chart technical analysis Dax 30 index this week closed with loss. This was second weekly loss for this index.   Dax future after breakdown below 9999 support given low up to 9737, and heading towards my given tgts 9525 and 9000.   Traders below 9999 keep sell on rise strategy for next week and expect tgts of 9525 and then 9000.   For 2016, dax below 10800 remain sell and tgts are 9250 and 7780. 9250 is already achieved in Feb 2016. Below 9250 there are more chances to see 7780 levels.

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Pramod Baviskar

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