I am staying bearish. Technicals might need a recalibration under current market conditions. I do not see the Dax flying to the moon soon, especially when the ripple effect of supply chain management across the world becomes a bigger issue and might get some stops and holds on their output - export of the automotive sector. Deutsche bank is not in the clear yet,...
My view has not changed, on the DAX being bearish until September.
I would prefer to see the short side here, and get pushed back into a more buying range, ideally It should spike through 9176 to get a real strong aim for 10K in my opinion. Other than that it will be ranged
Taking a long at 52.83 with a range of TP 54.65, If lower, I am setting a long order at 49.85
I believe we are heading for a short term short with a new stabilisation after a few weeks when the dust settles. I prefer to take a short here and wait until it passes my blending zone, where I can add more long positions until the bottom.
Running two shorts atm - 12079 and 11919 After yesterday almost flat range (kinda) of the DAX, I opened an extra short on top of my 12079 - Opened one literally 2 mins before Trump was tweeting , but even without that I was looking too short. Due to the news, it is hard to find the bottom at the moment. so my sentiment stays bearish - and a possible drive through...
Taking the Oil drop as a long - for Brent to correct WTI. Max 58.60 If it drops below the 57.30, I am out of OIL until 55.45
Taking shorts on Dax on mentioned arrow. I still have one short open from 12079, might long in-between. I prefer to see 11833 or lower to take a big long.
Global outlook - mid range WTI, Crude can still go both ways. My sentiment is bearish.