Saturday, June 15, 2013

Dax forecast for coming week ended 21st June, 2013.

Dax is following a bearish downward trend, last day’s close was supporting that. If this trend continues or Dax tries to trigger the probable bearish pattern which it is making then it may visit around 7900 level but it is hard to say that whether we are going to see that in a straight way or a gradual drops.

Dax can avoid this bearish trend by just maintaining that around 8100 range. I would like to talk about the bullish phase only when it will give stronger closings above 8300 level but now it looks far, so it is better first to look on the support of 8100 range and thereafter if Dax shows any strength then it will try to stay above 8200 level.

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