Dax 40 - Daily

The Dax has just dipped below the 20-day moving average on the daily timeframe. The following support levels sit at 15,449 and 15,343.

The Dax has just dipped below the 20-day moving average (15,785) on the daily timeframe, currently trading at around 15,703. Though the index does have support below sitting at 15,449 (100-day MA) followed by 15,343 (100-day MA). A dip below 15,343 could see the index slide further towards 15,011. Previous support of 15,785 is now acting as resistance, a break above this point would see further resistance levels at 15,913 then a key level at 15,959. A break above 15,959 may see the Dax edge higher towards 16,100-16,200. Looking at the technical indicators, MACD has turned negative and RSI is now faltering as it reads 49.