I expect the Dax to go back up its H1 trading range and retest the tops. If the 10 800 level holds I will short the DAX and target 10 000 level.
The blue line shows an alternative in which I will wait for a re-test around 10 050 to short the market.
There is many reasons to start to accumulate OIL contracts on current low levels :
- Oil prices have re-integrated its 1987 to 1999 range pattern from 10 to 22 USD.
- Oil prices tend to rebound 63% of its previous downside trend (as shown on the chart)
- Coronavirus crisis will increase world debt / GDP and will...