From what I see on the chart the $DAX has reached a major resistance which could trigger a downmove to
8'000ish, where I see a major support!
- Chart looks a bit bearish
- Support around 8'000
- Clear closes above 11'200 invalidate this setup!
- Time horizon 12-18 Months.
#Cruide Oil WTI
Since we had this amazing downside rally together with $USD strengh this summer in $OIL I am in favour of a recovery rally to come during autumn. For sure we are not in for new highs yet but in my humble opinion we could rally until 82ish levels.
First I expect oil to go lower from here first. I would be a buyer of oil around 53USD levels.
...#AAPL levels to watch.
targets from extension longs @119.42
has already retraced from there.
big support is next in the series from 55.22 to recent highs
as the level currently doesnt make sense I expect new highs before retracing that way.
A new high arround 144.83 would make sense
Medium Term; Expect new high around 144.83
Before this new high I ...