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O'Hare: Why bullish DAX theme "can't be ignored"
Steve O'Hare from First 4 Trading is looking at the DAX Index. He says the rally seen after the the non-farm payrolls on Friday has been maintained, and that there was further buying support on Monday.
He warns it may just be a corrective rally, but explains the bullish theme "can't be ignored".
As a result, Steve plans to enter at 9165, to place a stop at 9125 and his targets are 9215, 9245 and 9280.
Data out on Monday showed that Germany's trade surplus narrowed in October as imports grew faster than exports, shrinking to EUR 16.8 billion from EUR 18.7 billion in September.
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01:12 minutes
Tags: dax, dax index, dax rally, eu, eur, euro area, eurozone, exports, financial markets, forex, fx markets, fx volatility, german economy, german exports, german imports, german trade data, germany, imports, investing, investment, markets, non-farms, saxo bank, saxo tv, steve o'hare, trade idea, trader, trading, trading fx, tradingfloor.com, us jobs data, us non-farm payrolls, video, volatility