On Tuesday German factory orders were published. It was worse than expected and connected with weak S&P500 futures it caused opening with 180 pts bearish gap. All session in Europe was in bad moods and in case of DAX there was not even small try of rebound. English FTSE100 -1.19%, French CAC40 -2.18%, German DAX -2.63%. 29 out of 30 DAX companies lost some value, the most Deutsche Bank -5.07%.
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On Wednesday we will know FOMC March meeting report. We can clearly see consequences of breaking bullish channel on DAX, index was moving inside it for 1.5 months.
On DAX future support at 9,680 pts was broken and also next one on 9,600 pts. The closest supports: 9,450 pts, 9,300 pts, 9,100 pts. The closest resistances: 9,600 pts, 9,680 pts, 9,770 pts, 9,850 pts.
