Friday, September 23, 2011

Dax daily technical 22.9.2011

Could be more range trading in a future

At the moment, we are counting on a rebound to 23,6% Fibonacci level which is 5532. Rising lower trend is a key level today, so watch out 5170. Anyway, after possible rebound there could be more selling ahead. Although, yesterday's gap down was very huge (-3,32%) there is very high probability that the next day (today) is positive.