DAX
Dax bounced above 10700 barrier on Monday, following strong downside rejection at 10400 support (daily Kijun-sen).
Today’s spike to 10737 high retraced over Fibo 76.4% of 10796/10399 pullback and neutralized downside risk, generated on correction from 10796 high.
Near-term focus is shifting higher on daily MA’s turning into bullish setup.
Dips from 10737 peak should be contained by daily Tenkan-sen at 10570, to keep fresh bullish structure intact for renewed attempts at key barriers at 10796/10824.
Conversely, return below 10500 handle would weaken near-term tone and risk return to 10400 low.

Res: 10737; 10772; 10796; 10824
Sup: 10600; 10570; 10528; 10500

FTSE100
Monday’s rally from 6675, where near-term base is forming, peaked at 6799 (Fibo 61.8% of 6872/6675 downleg), but was so far unable to hold gains.
Daily Kijun-sen at 6737 should contain current easing, to keep fresh momentum for further recovery. We need to see daily close above 6799, to confirm recovery and re-focus 23 Nov lower top at 6782.
However, downside would remain at risk if price fails to extend above 6774 (daily Tenkan-sen), with violation of Kijun-sen to revive bearish scenario.
Res: 6774; 6799; 6844; 6866
Sup: 6737; 6697; 6675; 6627

, Market Analysis