DAX 30 Weekly Analysis – June 16, 2014

The DAX went back and forth on Thursday, as the stock markets around the European Union did very little. The €9900 level just below should offer quite a bit of support, and we believe that ultimately this market will break above the €10,000 level given enough time. We feel that supportive candles are buying opportunities, just as a break and daily close above the aforementioned €10,000 level. There is also a massive gap down at the €9800 level that offers quite a bit of support, and as a result we would be very aggressive down there in buying this market.