The DAX Future / DE30 is falling today and approaching the weekly low reached yesterday.
Source: xStation5
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The support at 15,891 points is currently being tested - it has held in the three previous tests. A bounce could indicate a rise to a new yearly high. If it breaks, the horizontal trendline at 15,816 points and the breakout level at 15,698 points could be tested.
Source: xStation5
M15 chart
The German benchmark index slipped below the local lows this morning. This led to a crossover - a confirmation that the bears have the advantage. The index is vulnerable to further losses, especially if the weekly low is breached. Key resistance levels are at 15,963 and 15,986 points.
Source: xStation5
Maximilian Wienke, CFTe
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