Technical analytics

DAX

DAX traded mixed the first part of the day on Thursday. The index opened in the red first, then the price slightly grew and reversed all the morning losses. The whole European session the benchmark spent around 12600 flirting with the level. The resistance lies at 12600, the support exists at 12500.  

We see that bulls are trying to regain the level 12600. If they succeed the DAX index will advance to 12650. If they fail the benchmark shall ease to 12500.

 

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