DAX Futures Update
- Current Price: 22,625 (-1% from yesterday’s close)
- VWAP Today: 22,686 (DAX is trading below it)
- Below Yesterday’s Value Area → Bearish sentiment strengthening
Bearish Targets (Partial Profit Levels for Shorts)
- 22,580 – Just above the value area high from Feb 20-24
- 22,460 – Aligns with VWAP from Feb 24
- 22,390 – Matches the value area low from two days ago
- 22,250
- 22,200 – POC of Feb 12
- 22,070 – Above the VWAP of Feb 11
- 22,900 – Extreme bearish target (less likely but possible)
Bullish Resistance Levels (If DAX Rallies)
- 22,770 – Value area high from Feb 19
- 22,850 – Yesterday’s VAH, a strong resistance zone for sellers
Market Outlook for DAX Futures
- Given the bearish bias and current trading below key levels, short traders have well-defined targets.
- On the upside, resistance levels provide potential reversal areas for new short entries if tested.
- Unlikely to see a major rally today, but if we do, sellers are expected to defend 22,850.
Trade the DAX at your own risk. This is not financial advice and use the tradeCompass as a 2nd opinion to yours. Stay sharp around the above price levels for increased participation. Visit ForexLive.com for additional views.
This article was written by Itai Levitan at www.forexlive.com.
Leave a comment