premarket dax futures-Heading towards swing target 10870

Dax future technical analysis Dax index technical analysis Dax on last trading session closed at 10630 with loss. After last session, strong recovery from low level of 10200. We saw high up to 10650. Yesterday we saw high up to 10800. Dax first major swing target as well as major resistance is at 10876. On downside 10600 is major support as well as buy level. Fresh buying can be done around 10600 with stop loss for targets 10800 to 10876.   Weekly closing below 10600 means bearish breakdown and fresh downtrend for dax index. On downside 10400 and 10150 are support and well a start if downtrend starts.   From medium to long term view, dax has 10850 as major hurdle and remain major supply zone. Weekly chart price as well as indicators pattern suggesting in short term dax might show lower level but in medium to long terms expect breakout above 10850 and higher levels up to 12315.

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