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DAX is Testing Record Levels

FTD Limited by FTD Limited
December 28, 2020
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DAX Mini Generic Futures | Daily Chart, 50-day Moving Average
DAX Mini Generic Futures | Daily Chart, 50-day Moving Average

Brexit deal and starting of vaccinations increase the optimism for DAX as the price is testing the all-time high level, 13823. If DAX can break this top, a new bullish wave can start for the medium-term. For the short-term, 14130 can be a good target for upward moves.

If 13823 cannot be broken, the 50-day moving average can be followed as support and possible falls can be buying opportunities as long as this MA holds. 

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