DAX
As long as the DAX index moves above the 16360 - 16475 region with the movement in the 8-period Evvelopes indicator, positive expectations are at the forefront. In increases, the 16650 - 16725 levels can be monitored as short-term resistance levels. If the index cannot exceed the Bollinger upper band 16650 resistance, the 16270 - 16160 short-term support levels will be monitored as the movement continues under the range we follow with possible pullbacks.. Support: 16160 - 16270 Resistance: 16650-16725