DAX Trading Update - Oversold but weak

With Russia-Ukraine war raging and no quick end in site we entering a new part of the trade in which oversold conditions lead to sharp short covering rallies on Positive headlines.

Now exactly what or when the headline comes is uncertain but the reaction will be over the top give the short positioning. I like to buy DAX on a positive headline vs selling Gold and Oil as stocks still have good value medium term and very easily could move on from Ukraine if the war becomes a long civil war. We only care about this war due to the impact on Oil and Gas so if they settle then stocks can bounce as well.

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