The DAX was struggling with downtrend resistance yesterday
probably due to profit takers chasing the price down. China's
Dec-2012 trade figures have just given asian markets a boost
(NIKKEI, ASX200, etc) including the DAX futures. Need to see if
buying interest is maintained overnight with the DAX moving up to
test its post Mar-2009 highs.
DAX Futures 15min Chart
Posted by rixx on 9th of Jan 2013 at 09:47 pm
The DAX was struggling with downtrend resistance yesterday probably due to profit takers chasing the price down. China's Dec-2012 trade figures have just given asian markets a boost (NIKKEI, ASX200, etc) including the DAX futures. Need to see if buying interest is maintained overnight with the DAX moving up to test its post Mar-2009 highs.
Chinas exports soar as trade surplus-balloons