FxWirePro: DAX30 trade slightly above 11000 level,jump till 11490 likely
Chart Pattern- Double top
Major resistance - 11000
DAX30 has broken major resistance 11000-11040 level after a long consolidation.The index was trading in narrow range for past six trading session between 10977 and 10792. The index was following footsteps of US markets on easing trade war tensions between US and China. The index jumped nearly 7.46% from low of 10281 and is currently trading around 11042.
The index is facing strong resistance around 11092 (55- day EMA) and any break above targets 11592/11869.
On the lower side, any violation below 10781 (78.6% fib) confirms minor weakness and break below targets 10689/10402.
It is good to buy on dips 11000 with SL around 10780 for the TP of 11590/11869.
February 22 20:00 UTC Released
USFCOJ Stock
Actual
0.548 Pounds B
Forecast
Previous
0.529 Pounds B
February 22 20:00 UTC Released
USBeef Stocks
Actual
495.624 Pounds M
Forecast
Previous
514.72 Pounds M
January 31 00:00 UTC 558626m
ARAnnual Primary Balance*
Actual
Forecast
2016 bln ARS
Previous
Bln AR bln ARS
January 31 00:00 UTC 558626m
ARAnnual Primary Balance*
Actual
Forecast
2016 bln ARS
Previous
Bln AR bln ARS
January 22 19:00 UTC 570446m
ARTrade Balance
Actual
Forecast
Previous
-1541 %
January 31 00:00 UTC 558626m
ARAnnual Primary Balance*
Actual
Forecast
2016 bln ARS
Previous
Bln AR bln ARS
January 22 19:00 UTC 570446m
ARTrade Balance
Actual
Forecast
Previous
-1541 %
January 31 00:00 UTC 558626m
ARAnnual Primary Balance*
Actual
Forecast
2016 bln ARS
Previous
Bln AR bln ARS
January 31 00:00 UTC 558626m
ARAnnual Primary Balance*
Actual
Forecast
2016 bln ARS
Previous
Bln AR bln ARS
January 31 00:00 UTC 558626m
ARAnnual Primary Balance*
Actual
Forecast
2016 bln ARS
Previous
Bln AR bln ARS