The DAX as you can see gapped higher at the open for the week, but pulled back in order to find support below. In fact, the €9900 level now looks very supportive, and the fact that we formed a hammer just below the €10,000 level tells us that this market is trying to break out to the upside, and that momentum is starting to build up for this market.
Support |
9712 |
9833 |
9891 |
Resistance |
10012 |
10075 |
10196 |