Dax in a rising channel with higher lows. low risk trade to the upside risk just over 1% profit if makes it 5% approx start short if below red line on chart. Fundamentals helpful as USD strengthening against EUR. which helps tourism and exports. interest rate environment still has a long time to run thus helping companies with financing and expansion.
Took 16% profits on the long side over three scaled in positions. Technically i should not short at this stage as renco looks strong. but under the fundamentals of the market it makes sense since oil is at record production. that should help to keep a lid on prices. I predict sideways movements for a while to come and a possible short term correction to value.