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Lambert: Key levels to watch if trading Dax Futures

The Dax is set to open higher after the Greek government presented new proposals to its international creditors. With all the volatility in the market over Greece, Clive Lambert from Future Techs is looking at key resistance

Headlines about Greece have dominated the news in recent weeks and today will be no exception, according to Lambert. Dax Sept ’15 Futures is expected to open significantly above Thursday’s high which according to Lambert will be the first level to watch at 11035. He sees support in front of that at 11100.

If the Dax opens as expected at 11250, there are three key levels to the upside to watch at which sellers may return, says Lambert.

The first level is at 11330, which is a Fibonacci level

The second level is at 1137, which 2 is the top of the gap created by the weak open on Monday June 29th.

And the third is at 11434, which is the top of the downtrend channel.

01:42 minutes
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