DAX FUTURES ANALYSIS 22/08/2017
The DAX has jumped again this morning but is this any more than a rebound to sell once more? Given the strength of the bearish candle that closed well below the old support at 12,077 yesterday the recovery this…
DAX FUTURES ANALYSIS 21/08/2017
There is an ongoing negative sentiment on the DAX that has been formed over the past two months and the recent latest failure under 12,300 adds to that outlook. Selling into strength has been a successful strategy with negatively configured…
EQUITIES AND THE DOLLAR UNDER PRESSURE AS POLITICAL FALLOUT CONTINUES FOR TRUMP #HIGHTRADE
Market Overview The political fallout for Donald Trump following his reaction to Charlottesville is suddenly spilling into the markets, with the dollar under pressure and equities selling off. Rumours of that key members of his administration were upset over his…
DAX FUTURES ANALYSIS 17/08/2017
Despite the early dip today, the rebound is now eyeing a test of the key overhead pivot band 12,300/12,340. This is a confluence of resistance from the old June/July lows but also an eight week downtrend. Rallies have continually been…
DAX FUTURES ANALYSIS 15/08/2017
DAX futures are once more approaching a key crossroads and the intent of the bulls will be tested. The pivot band 12,300/12,340 has been a key barrier for several weeks and is now less than 100 ticks away as the…
DAX FUTURES ANALYSIS 10/08/2017
The selling pressure resumed yesterday with a sharply bearish session that is once more looking to test the key near term range lows. For now though support continues to be formed above the 12,077 late July low, however the more…
SAFE HAVENS PERFORM WELL AS TRUMP RAISES GEOPOLITICAL TENSIONS
Market Overview Safe haven trades are performing well with geopolitics having become the driver of markets, as tensions between the US and North Korea have been ratcheted up several notches overnight. Perhaps coming in the face of disappointing domestic approval…
DAX FUTURES ANALYSIS 08/08/2017
Another failure around the old key support further questions how strong the bulls are. The market has subsequently continued to consolidate between 12,077 and the resistance at 12,340. Yesterday’s bear candle has undone some of the bull move of Friday…
DAX FUTURES ANALYSIS 07/08/2017
The strong bullish candle on Friday (helped undoubtedly by a euro correction) has put the DAX back at another key crossroads. Is this a rally going to again fail as it has down over the past couple of weeks around…
DAX FUTURES ANALYSIS 03/08/2017
DAX futures remain under pressure as any sign of a rally continues to be sold into. This means that support levels will continue to be broken as the market moves back towards a test of the next key low at…