Technical analytics

DAX

DAX had a positive morning on Wednesday. The index gapped upwards at the open and continued its rally afterwards. The benchmark broke 12200 and extended its gains up to 12300 during the first part of the day. The resistance lies at 12300, the support exists at 12200.

The 12300 hurdle is the last sellers’ defense line. If it falls buyers may regain control and push DAX to 12450-12500.

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