Friday, January 4, 2013

DAX forecast for coming week ended 11th January, 2013.

Dax is getting resistance at 7800 range but its moves in last few days were good and if in coming days Dax maintains 7700 range then there is a good chance that Dax may break 7800 levels. Now in coming days if it breaks its initial support of 7700 levels then it may test good support level of 7600. So long it maintains 7600 range we may expect it to test higher levels again. But if it fails to maintain 7600 range in early days of the coming week then 7400 is important support level for Dax. I will think about a bearish pattern when Dax will be testing levels around 7000 ranges.

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