Dax

Dax 30 December now back above resistance at 13280/300 for a more positive outlook today.

Daily Analysis

Dax holding above 13300 allows a recovery to towards important resistance at the September high at 13440/460. A break above the gap at 13492 is an important buy signal initially targeting 13600/610 & probably as far as the all time high at 13800/824.

Holding below 13250 risks a retest of of support at 13185/175. (This support held the downside). Below 13130 signals further losses towards 13050. Strong support at 12960/930 for profit taking on any remaining shorts.

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Chart

Dax

The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

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