Monday, December 19, 2011

Dax resistance/support

It looks like level 5767 has been acting quite important resistance / support level since for a month. Let's see how Dax can break upside and how it will support after that. If break above, it would be natural to reach 5850 and touch the 1 hour SMA(20), maybe test the 5767 support and then try to reach above 6000.

Short term view: break up to 5850 or pullback to 5720?