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 strengtheningBearish Targets (Partial Profit Levels for Shorts)
Bullish Resistance Levels (If DAX Rallies)
22,770 – Value area high from Feb 1922,850 – Yesterday’s VAH, a strong resistance zone for sellersMarket 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. Read More Details
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