Dax 6-2-2010

June 2nd, 2010 by Matthew Croke Leave a reply »

Today: The Dax futures are trying to elevate themselves today, however they
are trading right on the daily resistance level, which today resides at 5933.0. The
index should act like a they are tethered to that level, and they are unable to
break free to the upside, even though that is the preferred direction. Resistance
above there is at 5968.0 and 5980.0, and it is the 6013.0 price level that the index
needs to clear to attract fresh buying. Once under the daily line, we have support
at 5868.0 and 5864.0 respectively.

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