DAX

12:53, 08 May

DAX

German economy give a €12.8bn in March below the market consensus of €18.9bn. Also the German economy had registered a €21.4bn in February. We see that coronavirus effect on German economic outlook.  

Dax index continues its positive outlook. We follow 10.760 and 10.600 as a support levels for Dax. Any down movements can give a buying opportunities.  

Resistance levels : 10.890 – 10.960 – 11.050 
Support levels : 10.760 – 10.600 – 10.500