2021-2025 EUREX:FDAX German DAX Index Futures prices forecast, Buy Breakout, Target 22427 (+64.9%)

DAX Futures (EUREX:FDAX)
Trade : Buy Breakout
Entry : 13600
Target : 22427 (8827, +64.9%)
Stop : 12240 (-1360, -10%)
Posted on Wednesday, December 16, 2020

Note : Even though European stocks are weak, the German stock market seems to be relatively strong. The DAX, German stock market index, is expected to rise higher. Key price is 13600. If they strongly break out that level, it would mean that DAX starts a new move to rise. In that case, resistances(targets) would be 14257, 17440 and 22427. Supports could be 12249 and 11211. It would be better to find opportunities to buy when the index break out 13600 line.