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Lambert: How to trade the rising DAX
European equities have been trending higher since the start of 2015, and Clive Lambert from FuturesTechs expects this to continue. Since January, the Dax index has risen 15% and the French CAC 40 has gained 16%. Overall, European indices are up since the start of the year. This morning however some investors are speculating that certain European indices will open lower after The People’s Bank of China cut its interest rate to 5.35% over the weekend. With Dax futures up 11 points before the open, Clive is planning to follow this trend. He is looking to buy the DAX on a dip around 11,350 points with a stop at 11,300 points. His two targets for the trade are 11,500 points and 11,670 points.
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01:22 minutes
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