Monday, 6 January 2014

DAX30 Weekly Outlook



DaX Currently trading at 9459. 

During European afternoon trade, the EURO STOXX 50 rose 0.22%, France’s CAC 40 eased up 0.02%, while Germany’s DAX 30 added 0.12%. 

Markit research group said the euro zone's final services purchasing managers' index came in at 51.0 in December, unchanged from the preliminary estimate and down slightly from 51.2 in November. 

Germany's services PMI fell to 53.5 last month, from a reading of 54.0 in November, compared to expectations for the index to remain unchanged. 


Alternative Out Look


X= 8961.0
A=9627.0 High
B=9354 Pull back
C= 9490.0 50% Retrenchment
D= 9295.0 9217.0 Target

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