DAX30 struggles to close above 9800

July 4, 2016

Major resistance - 9815 (90 4H EMA). The index has broken psychological resistance at 9800 and jumped till 9812 at the time of writing. It is currently trading around 9769. DAX30 should close above 9815 for further bullishness.

Any break above 9815 will take the index till 9970 (200 4H MA)/10084 (200 day MA)/10300. On the lower side, minor support is around 9659 (4 H Tenkan-Sen)/9572/9510 (yesterday low). Short term weakness only below 9400 (61.8% retracement of 9161 and 9795).

It is good to buy at dips around 9725-9730 with SL around 9660 for TP of 9970/10084.

Publication source
Vinson Financials Ltd information  Vinson Financials Ltd reviews

September 30, 2016
Gold earns slightly in Asia
On Friday, gold prices edged up in Asia after a key manufacturing poll from China came in as expected and traders looked ahead to more remarks from Fed policymakers...
September 30, 2016
Rally on stock markets didn't last long
Wall Street closed with losses and in Asia, lenders were also under pressure, with Nikkei and Hang Seng down more than 1.4% and only mainland Chinese markets managing to carve out gains...
September 30, 2016
Commodity currencies closed weaker
Following the OPEC led gains in the oil markets which saw the commodity linked currencies gaining ground, price action yesterday saw the currencies give up most of the gains as the US dollar edged higher on the day. The Australian dollar was the weakest, closing the day 0.73% lower...

Orbex Rating
HYCM Rating
Tickmill Rating
Grand Capital Rating
FBS Rating
Vantage FX Rating

OptionRally Rating
365BinaryOption Rating
OptionFair Rating
Anyoption Rating
Banc De Binary Rating
OptionTrade Rating