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Bias just higher

DAX Future

A Thursday dip just below 13214 support to then rebound quickly from 13209.5, to leave a positive tone from Wednesday’s prod just above 13315 resistance to 13315.5, to further reject negative forces from the latter November plunge (through 13132/133.5 and 13103.5 supports), and despite an overnight setback, whilst above 13188.5 to keep risks to the upside Friday.

  • We see an upside bias for 13315.5/330; break here aims for 13374, maybe towards 13415/420.
  • But below 13188.5 opens risk down to 13105.5/100 and maybe key 13040.5.
by Steve Miley November 29, 2019
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