Long ASX towards the immediate trendline
Last week, the German stock index could not hit the lows of 12416.0, instead, this index turned around slightly before hitting this support and is currently rallying upwards. I expect further move to the upper side but rather than going long, I advice waiting for a clear sign that this is not a false breakout and that the price is heading long.
R1: 10777.5
Last week, silver rose slightly to the upper side but is still showing possible signs of rising even further up. I expect an ascend towards the weekly resistance line 18.61, then a rejection from this line. On the weekly chart above, long positions seems more ideal towards the just mentioned resistance or upon a breakout above it.
R1: 22.01
S1: 16.01
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