Market comment ..
Good morning and good month .. Profit + 1,05% note the Contracts of DAX shortly after the opening of the European markets. Prices for the German index after 4 downward meetings yesterday showed a stabilization, and why not .. a buying signal, and just before the end of the meeting and while prices have declined break the support of the EMA 9 out of 11 932 m .. the level of the EMA 21 to 11,775 m buyers showed that resumes control, pulling up prices, eventually closing near the day's high at 11,834,41 posting gains + 0.10%. This was certainly a buying signal for today, with the obvious aim to top the large candle in a falling 11,934,60 m ..
DAX 30
The DAX futures of ... this time run on profit + 1.05% to 11.975 m .. marginally below the pivot point of 11 983 m .. still above the Kumo cloud ichimoku maintaining the short-term upward trend in the fast oscillator Chikou Span (green line) give positive divergence angle, like the fast stochastic oscillator
DAX futures
Bulls seems that recover again in control of this market, but to the purchasing mark not proven false .. should prices break out loudly over 11,934,60 m paving the way for the local peak of 12 034 m .. and the diagonal resistance to 12.065 m ..
But be careful because if the German index closed the day failed to hold above the peak of 11.934 m then it is very possible to create another local top the falling character, which combined the movement of the index .. fast stochastic ... in super purchased price band ... to give a stronger price correction below the level of 11,775 m of EMA 21 .. a scenario in which advocates and denial MACD indicator ... give input .. as this continues moving sideways movement in the neutral zone price .. ..
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