Futures on the German stock index DAX 30 do not feel very confident after the data on industrial orders unexpectedly many were negative. Value of the index fell 0.9%, while the median forecast assumes its growth by 1.5%.
Investors now fear that the German economy can recover not as active as previously assumed. Nevertheless, this macroeconomic indicator quite volatile and of itself is not fundamentally affect the overall fundamental picture. Looking for opportunities to purchase at low prices in the event of a decrease in the area of 12010 FDAX.
|Dax 30 chart|
Support and resistance levels
Support 1 12010
Support 2 11823
Current price: 12130
Resistance 1 12175
Resistance 2 12300
DAX 30 (FDAX) – buy dax 30 – Buy, if the quotes will move up after testing support 12010. Purpose – 12290. Stop-Loss = 11820
Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes only and do not guarantee the results obtained.