Technical analytics

DAX

DAX gapped downwards on Monday. The price jumped from 12145 to 12053 at the open. Buyers found strength after that to reverse some losses. They managed to return DAX to 12100 by noon. The resistance lies at 12100, the support exists at 12000.  

The benchmark is still in a downward channel. The index is around its upper limit and we expect a bounce downwards any moment now.  Sellers aim at 12000 first, en route to 11900.

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