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DAX Needs Break Above 9950/60 To Continue Recovery

Published 10/07/2015, 06:57 AM
Updated 07/09/2023, 06:31 AM

DAX Recap Chart

DAX first support at 9825/20, but below 9800 risks a slide to better support at 9740/35. This is the best chance of a low for the day, but longs need stops below 9700. Be ready to sell a break below to target 9675/70, perhaps as far as support at 9610/00.

A break above first resistance at 9950/60 keeps the recovery going to target strong resistance at 10015/10020 and again at 10055/060. A good chance of a high for the day within this band and perhaps an end to the recovery, but shorts need stops above 10100. A break higher targets 10170, then 10260/270.

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