Skip to main content

Look out folks- DAX approaching important level

Since the previous update the DAX has now further and now it is approaching the 50 day moving average again. As previously noted this has been capping the topside for the index since it fell below there on June 14. Now, owing to the shifting dynamics of the chart, that moving average is higher after the opening today and right now it is in place at 18,366, just above the 18,355 level as of the close last night. The DAX is right now edging above 18,350 and hence close to testing that. It remains to be seen if it will cap the topside this morning 
 

Ready to Get Started?

Start here. Join over 3M Libertex users around the world!