Sunday, January 2, 2011

DAX - Daily/ Weekly and Monthly Market Thought 02012011

Folks what need to know about DAX30 Germany index.Key levels, Beas and What expect if dax close below or above key levels areas.
German stock index is a blue chip stock market index consisting of the 30 major Germany companies trading on the Frankfurt Stock Exchange can read more here  .
Can read  list of the current DAX companies, former components of Dax and the ones replaced them, include to Dax companies of Germany.
Dax end the year with gain of  957 points or 16 percent.
Tecnhical view Dax losing momentum last sessions of the year. Beas remain bearish very short-term. Below 7010 daily chart expect continuatuon dowswing next suport/target range [6895,6820].
Dax Daily beas bullish nothing change last months. Ema, trendline and fibonacci suport beas bullish, key level short-term remain intact 6820.
Two consecutive Closes below 6820 next level/target 6660 possible extension to  [6480,6570] remember good suport last months ema200 sitting 6350.
Weekly and Monthly chart nothing new bullish view both time frames, next big demon remain intact sitting [7077,7190]. Only with a close weekly below 6211 can changes beas.

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Dax - Daily Chart

DAX -  Monthly Chart

DAX - Weekly Chart


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