September 5th – Weekly Support & Resistance Levels for DAX & CAC
The global financial markets are trading with huge gaps, yet moving trading within the same technical levels suggested last week. The mess
The global financial markets are trading with huge gaps, yet moving trading within the same technical levels suggested last week. The mess caused by North Korea isn't only limited to the U.S. indices but spread to the European indices as well.
Technically, the market is likely to fill these gaps today or by the end of this week. Let's take a look at weekly trading levels for the DAX (German Index) & CAC (France Index). In addition, refer to FX leader support and resistance trading strategy article in order to trade below levels profitably.
DAX – Weekly Trading Levels
Support Resistance
S1: 12185 R1: 12555
S2: 12670 R2: 12670
S3: 12855 R3: 12855
Key Trading Level: 12370
CAC40- Weekly Trading Levels
Support Resistance
S1: 5103 R1: 5224
S2: 5065 R2: 5261
S3: 5005 R3: 5322
Key Trading Level: 5163
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