Saxo Group Videos

O'Hare: Why I'm shorting the DAX

Steve O'Hare from First 4 Trading, is looking at the DAX. He notes that last weekend's collapse in Greek talks let to a 500 point gap open lower on Monday morning. This has found decent buying interest, he says, and the dips continue to attract buyers.

Steve says that prices have been capped by resistance at 11,280. He expects the volatile movement to last into the weekend.

Sell: 11,250

Target: 11,000

Stop: 11,325

https://www.tradingfloor.com/about/niird

01:07 minutes
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