Saturday, February 9, 2013

DAX forecast for coming week ended 15th February, 2013.

Dax has shown nice movements in the upside. This week it drops though during last few days it was trying to make a base. In this circumstance it may show couple of flat to up early days in coming week but unless it is breaking around 7750 range in the upside it will be hard to test higher levels.
What I think that if Dax fails to give closing above 7750 in the upside, it has more chance to drop and that is below 7600 range. In the downside Dax has good support at around 7400 levels.

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