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Home arrow Archive arrow Dax 30 Index - Technical Analysis - EoD update

Dax 30 Index - Technical Analysis - EoD update

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Friday, 25 January 2008

The Dax 30 index after bouncing during yesterday's trade session, seems to have already lost strength. Today it has touched a maximum at 7.002,19 point and then it pulled back, closing negative (-0.06%). We expect now a consolidation in the range 6.400 - 6.900 that appear now to be two important levels, over 7.000 we might think about opening long position, on the other hand, below 6.400 we would have space for a further fall.

 

dax30_small.jpg

 

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Dax30  consolidation  dax 30  long position  pull back 




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