Dax Holding below 13170 meets first support at 13110/100. Downside is expected to be limited but further losses target 13050. Next target is 12990/980.

Holding above 13190 allows a recovery towards 13280/290. Bulls remain in control despite overbought conditions so a break above 13300 can be taken as a buy signal. Gains are likely to be slow but we can target 13370 & 13395/400. On a break above 13420 look for 13490/499.

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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