Technical analytics

DAX

DAX

DAX turned bearish on Wednesday. The index gapped downward at the open. The price dropped to the 12450 area and then extended its sell-off to the 12400 handle. The EMA100 which is located in this area stopped sellers and held the price in its region the whole night. The moving averages kept heading lower. MACD entered the negative area. RSI is giving oversold signals. The resistance stands at 12500, the support is at 12400.   

                       

A daily close below 12400 would open up downside towards 12300 in the coming sessions.

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