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  • Writer's pictureRanjeet M CFTe

Dax 30 - back in the box

Last month the index attempted to breakout from a trading range. Although a weak RSI suggested otherwise. Read about it here: https://www.claritech.app/post/dax-30-potential-breakout-and-the-rsi


The breakout lasted less than 2% and the index is back in the trading range between 15000 and 15750.


On the downside, near term buying interest likely @ 15350 and 15000. A close below 15000 would be negative for the index. On the upside, the index is trading at the top of the range and consecutive closes above 15750 will indicate buying interest and a likely new all time high. The RSI remains weak, will be interesting to see if there is a bounce from here or if the weakness continues.



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