Quotes stock index DAX 30 is trading at 11380. The market practiced inverted head and shoulders pattern on the indicator of relative strength. Currently tested quotes tight upper boundary region of the rising channel, which indicates that an attempt fall and rebound of the art. In favor of the version of the correction in favor and test the resistance line on the indicator of relative strength. But do not expect the development of a strong and deep correction, at the time of the test the area just below the level of 11,000, is expected to once again attempt to rebound and growth of quotations to a new high above the level of 11840.
Forecast DAX 30 December 19, 2016 — December 23, 2016
Cancellation option of growth of quotations on the DAX index of the next trading week of December 19 – 23 December 2016, will drop below 10,800, that will indicate the breakdown of the support and continued decline in the area below the level of 10175. Among the important news from Germany that can have an impact on the quotes DAX 30 index, is to provide, publish an indicator of business conditions from the environment IFO on Monday, December 19, 2016.
Forecast DAX 30 December 19, 2016 — December 23, 2016 suggests an attempt of a downward correction in the region of 11,000, where we should expect the growth index of quotations from potential target above the level of 1180, the cancellation will be the support and the breakdown of quotations going beyond the lower limit of the upward channel.
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