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Continued weakness ahead? DAX at significant technical support levels

Tradingportalen
7 Feb 2018 | 1 min read
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Last couple of weeks the DAX has continued to feel pressure from sellers. Technically, the long-term trend still looks promising, even if the index is closing in on another significant support area around 12 650 - 12 750. Should the index find ground below this area, continued weakness could be up ahead. In case momentum turns around and push the index higher, it will be interesting to see if it manages to break resistance at 12 880, even if 13 600 is considered a long-term technical level that could potentially be a trigger point for continued strength.

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