FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Last two weeks’ selloff in the global stock markets have badly hit our bullish call on DAX/ GER30 (for CFDs). The index (GER30) has declined from 13600, in less than three weeks ago to 12220 as of today. In little more than three weeks, the index has declined more than 10 percent.
Back in January 2017, in an article named, “FxWirePro: Buy DAX, sell 10-year bund”, available at http://www.econotimes.com/FxWirePro-Buy-DAX-sell-10-year-bund-470271 we at FxWirePro recommended buying the German benchmark index DAX at the then current rate of 11600, while maintaining short positions in German 10-year bund as we anticipated that DAX remains undervalued when compared to the North American benchmark S&P 500, despite Germany’s strong economic performance, and the bund would suffer from ECB’s gradual tapering and higher inflation.
In a subsequent call review in May, named, “FxWirePro call review: Keep bund short, keep DAX long for another 1000 points” available at http://www.econotimes.com/FxWirePro-call-review-Keep-bund-short-keep-DAX-long-for-another-1000-points-683779 we extended that target for DAX by 1000 points from the then current rate of 12600.
In two separate subsequent articles, available at
https://www.econotimes.com/FxWirePro-Call-Review-DAX-target-extended-from-13600-to-14100-962075 and https://www.econotimes.com/FxWirePro-Call-Review-DAX-target-extended-from-14100-to-14700-1112378
We extended the buy side final target first to 14100 and then to 14700.
These two above targets have not been reached yet and our calculations suggest that might not get reached any time soon. The complacency that has been built up over the years since 2009 is not something that would produce just few days or weeks of selloff. We strongly believe that the selloff, which rocked the global stock markets over the past two weeks is not over, and with that view, we would like to call on our readers to book buy side profits as we change our outlook from bullish to bearish.
We would also like to urge our readers to go short on DAX or GER30 at the current rate of 12230 (GER30) with a stop loss at the recent peak of 13600 and an initial target of 11000, which is likely to get extended.
