Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Tuesday, April 10, 2012

DAX Technical Analysis. 2012.04.10

The DAX Index broke below the support of 6,840 and it transformed it in the first resistance for the next days.

Even if the Index rose this morning, the bulls seem powerless to the general negative sentiment. The short term target is set in the 6,270-6,500 area (6,400 as an equilibrium level) but a rally towards the 6,840 resistance level is not to be overlooked.


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