RESUME & VIEW – DAX STARTED TO RETRACE EARLIER THAN EXPECTED, WITH INTENTION TO TEST 8150 SUPPORT. ANY DEEPENING BELOW WILL OPEN THE WAY FOR A RETEST OF THE UP TREND LINE AND 200SMA NEAR 7800. THE RESISTANCE IS 8400.

RESISTANCES:

Minor – 8400

Moderate – 9000

Strong – 8565

PIVOT POINT – 8316

SUPPORTS:

Minor – 8150 | 7800

Moderate – 8000 | 7700

Strong –

Situation Chart:

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By Mihail Mihaylov

Independent Capital Markets Trader / Equity Research Analyst. Swing to Long term.

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