DAX 30

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INDICATOR
Opinion Short Term Positive
Resistance 1 13717.01PTS
Support 1 12896.84PTS
Opinion Mid Term Bearish
Support 2 12714.58PTS
Resistance 2 13899.27PTS

STRATEGY
Above 12896.84 PTS the major trend remains bullish. 13717.01 PTS and 13899.27 PTS are in the line of sight. The breaking of 12896.84 PTS would cancel this anticipation and favor a correction toward 12714.58 PTS.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the index. Moreover, the relative strength indicator, the RSI, is not contradicting this hypothesis. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The index is oriented to the downside. It is under its 50-day moving average located at 13107.86. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 12896.84 PTS and the next is at 12714.58 PTS; the resistances, located at 13717.01 PTS and at 13899.27 PTS must be exceeded for the trend to undergo a reversal.

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INDICATOR
Opinion Short Term Positive
Resistance 1 13629.49PTS
Support 1 12892.02PTS
Opinion Mid Term Neutral
Support 2 12707.65PTS
Resistance 2 13813.86PTS

STRATEGY
Above 12892.02 PTS the major trend remains bullish. 13629.49 PTS and 13813.86 PTS are in the line of sight. The breaking of 12892.02 PTS would cancel this anticipation and favor a correction toward 12707.65 PTS.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the index. We can see that the bullish potential of the RSI has not been exhausted. As for the Stochastics, they are in the overbought area, making a correction likely in the short term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The index is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 12892.02 PTS, before a test of 12707.65 PTS in the case of a breach. To the upside, the resistance at 13629.49 PTS is intermediary before the strong level of 13813.86 PTS.

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INDICATOR
Opinion Short Term Positive
Resistance 1 13430.3PTS
Support 1 12717.65PTS
Opinion Mid Term Neutral
Support 2 12539.49PTS
Resistance 2 13608.46PTS

STRATEGY
Above 12717.65 PTS the major trend remains bullish. 13430.3 PTS and 13608.46 PTS are in the line of sight. The breaking of 12717.65 PTS would cancel this anticipation and favor a correction toward 12539.49 PTS.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the index. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The index is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 12717.65 PTS, before a test of 12539.49 PTS in the case of a breach. To the upside, the resistance at 13430.3 PTS is intermediary before the strong level of 13608.46 PTS.

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INDICATOR
Opinion Short Term Positive
Resistance 1 13483.27PTS
Support 1 12709.65PTS
Opinion Mid Term Neutral
Support 2 12568.99PTS
Resistance 2 13623.93PTS

STRATEGY
Above 12709.65 PTS the major trend remains bullish. 13483.27 PTS and 13623.93 PTS are in the line of sight. The breaking of 12709.65 PTS would cancel this anticipation and favor a correction toward 12568.99 PTS.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the index. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The index is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 12709.65 PTS, before a test of 12568.99 PTS in the case of a breach. To the upside, the resistance at 13483.27 PTS is intermediary before the strong level of 13623.93 PTS.

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INDICATOR
Opinion Short Term Neutral
Resistance 1 13344.66PTS
Support 1 12730PTS
Opinion Mid Term Neutral
Support 2 12545.61PTS
Resistance 2 13529.05PTS

STRATEGY
As long as 12545.61 PTS remains a support, the movement may join 13344.66 PTS over the short term. The breaking of 12545.61 PTS would invalidate this opinion and open the door for 9865.28 PTS.

SUMMARY
The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The RSI is above 50, this confirms the sound positioning of the index The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The index is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 12730 PTS, before a test of 12545.61 PTS in the case of a breach. To the upside, the resistance at 13344.66 PTS is intermediary before the strong level of 13529.05 PTS.

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INDICATOR
Opinion Short Term Negative
Resistance 1 13332.06PTS
Support 1 12562.35PTS
Opinion Mid Term Bearish
Support 2 12443.93PTS
Resistance 2 13450.48PTS

STRATEGY
Below 13332.06 PTS the major trend remains bearish 12562.35 PTS and then 12443.93 PTS are in the line of sight. The surpassing of 13332.06 PTS would cancel this anticipation and favor a recovery toward 13450.48 PTS.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the index perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
Since the recent low at 12861.5 PTS the index has been in a phase of technical recovery towards its 50-day moving average located at 13059.03: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 13332.06 PTS and 13450.48 PTS. The supports are at 12562.35 PTS then at 12443.93 PTS .

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INDICATOR
Opinion Short Term Negative
Resistance 1 13379.36PTS
Support 1 12706.42PTS
Opinion Mid Term Bearish
Support 2 12504.53PTS
Resistance 2 13513.95PTS

STRATEGY
Below 13379.36 PTS the major trend remains bearish 12706.42 PTS and then 12504.53 PTS are in the line of sight. The surpassing of 13379.36 PTS would cancel this anticipation and favor a recovery toward 13513.95 PTS.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the index perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The index is oriented to the downside. It is under its 50-day moving average located at 13050.23. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 12706.42 PTS and the next is at 12504.53 PTS; the resistances, located at 13379.36 PTS and at 13513.95 PTS must be exceeded for the trend to undergo a reversal.

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INDICATOR
Opinion Short Term Negative
Resistance 1 13458.6PTS
Support 1 12665.53PTS
Opinion Mid Term Bullish
Support 2 12467.26PTS
Resistance 2 13656.87PTS

STRATEGY
Below 13458.6 PTS the major trend remains bearish 12665.53 PTS and then 12467.26 PTS are in the line of sight. The surpassing of 13458.6 PTS would cancel this anticipation and favor a recovery toward 13656.87 PTS.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the index perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 13382.4 PTS the index corrected towards the 50-day moving average 13042.15: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 12665.53 PTS and 12467.26 PTS. The resistances are at 13458.6 PTS and 13656.87 PTS.

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INDICATOR

• Opinion Short Term Negative
  
• Resistance 1 13541.54PTS
  
• Support 1 12656.7PTS
  
• Opinion Mid Term Neutral
  
• Support 2 12509.23PTS
  
• Resistance 2 13689.01PTS
  

STRATEGY
Below 13541.54 PTS the major trend remains bearish 12656.7 PTS and then 12509.23 PTS are in the line of sight. The surpassing of 13541.54 PTS would cancel this anticipation and favor a recovery toward 13689.01 PTS.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the index perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The bullish movement seems to have stopped. The index is under its 50-day moving average located at 13023.85. The first support is at 12656.7 PTS and, in the event of a breach of this level, a continuation of the correction towards 12509.23 PTS is possible; to the upside, the first resistance is at 13541.54 PTS, then the strongest level is at 13689.01 PTS.

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INDICATOR

• Opinion Short Term Negative
  
• Resistance 1 13447.38PTS
  
• Support 1 12812.6PTS
  
• Opinion Mid Term Bullish
  
• Support 2 12653.91PTS
  
• Resistance 2 13606.07PTS
  

STRATEGY
Below 13447.38 PTS the major trend remains bearish 12812.6 PTS and then 12653.91 PTS are in the line of sight. The surpassing of 13447.38 PTS would cancel this anticipation and favor a recovery toward 13606.07 PTS.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the index perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 13478.9 PTS the index corrected towards the 50-day moving average 13018.01: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 12812.6 PTS and 12653.91 PTS. The resistances are at 13447.38 PTS and 13606.07 PTS.

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INDICATOR
Opinion Short Term Negative
Resistance 1 13353.14PTS
Support 1 12624.65PTS
Opinion Mid Term Bullish
Support 2 12442.52PTS
Resistance 2 13535.26PTS

STRATEGY
Below 13353.14 PTS the major trend remains bearish 12624.65 PTS and then 12442.52 PTS are in the line of sight. The surpassing of 13353.14 PTS would cancel this anticipation and favor a recovery toward 13535.26 PTS.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the index perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 13478.9 PTS the index corrected towards the 50-day moving average 12998.71: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 12624.65 PTS and 12442.52 PTS. The resistances are at 13353.14 PTS and 13535.26 PTS.

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INDICATOR

• Opinion Short Term Negative
  
• Resistance 1 13540.89PTS
  
• Support 1 12637.47PTS
  
• Opinion Mid Term Bullish
  
• Support 2 12456.79PTS
  
• Resistance 2 13721.57PTS
  

STRATEGY
Below 13540.89 PTS the major trend remains bearish 12637.47 PTS and then 12456.79 PTS are in the line of sight. The surpassing of 13540.89 PTS would cancel this anticipation and favor a recovery toward 13721.57 PTS.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the index perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 13478.9 PTS the index corrected towards the 50-day moving average 12987.9: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 12637.47 PTS and 12456.79 PTS. The resistances are at 13540.89 PTS and 13721.57 PTS.

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INDICATOR

• Opinion Short Term Neutral
  
• Resistance 1 13366.43PTS
  
• Support 1 12486.2PTS
  
• Opinion Mid Term Bullish
  
• Support 2 12310.15PTS
  
• Resistance 2 13542.48PTS
  

STRATEGY
As long as 13542.48 PTS continues to be a resistance, the movement may join 12486.2 PTS over the short term. The surpassing of 13542.48 PTS would invalidate this opinion and open the door for 13718.53 PTS.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. The RSI value is less than 50: this confirms the weakness of prices. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 13478.9 PTS the index corrected towards the 50-day moving average 12978.71: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 12486.2 PTS and 12310.15 PTS. The resistances are at 13366.43 PTS and 13542.48 PTS.

INDICATOR

• Opinion Short Term Neutral
  
• Resistance 1 13546.02PTS
  
• Support 1 12659.23PTS
  
• Opinion Mid Term Bullish
  
• Support 2 12481.87PTS
  
• Resistance 2 13723.38PTS
  

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STRATEGY
As long as 13723.38 PTS continues to be a resistance, the movement may join 12659.23 PTS over the short term. The surpassing of 13723.38 PTS would invalidate this opinion and open the door for 14078.1 PTS.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. The RSI value is less than 50: this confirms the weakness of prices. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 13478.9 PTS the index corrected towards the 50-day moving average 12958.91: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 12659.23 PTS and 12481.87 PTS. The resistances are at 13546.02 PTS and 13723.38 PTS.

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INDICATOR

• Opinion Short Term Negative
  
• Resistance 1 13546.11PTS
  
• Support 1 12481.42PTS
  
• Opinion Mid Term Bullish
  
• Support 2 12303.97PTS
  
• Resistance 2 13723.56PTS
  

STRATEGY
Below 13723.56 PTS the DAX 30 is evolving toward 12481.42 PTS over the short term. The clearing of 13723.56 PTS would invalidate this opinion and open the door for 13901.01 PTS.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 13478.9 PTS the index corrected towards the 50-day moving average 12948.11: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 12481.42 PTS and 12303.97 PTS. The resistances are at 13546.11 PTS and 13723.56 PTS.

INDICATOR
Opinion Short Term Neutral
Resistance 1 13365.1PTS
Support 1 12636.69PTS
Opinion Mid Term Bullish
Support 2 12454.58PTS
Resistance 2 13729.3PTS
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KEY STATISTICS
Last price 13058.7 PTS
MACD 27.06
MA 20 13183
MA 50 12930.84
Stochastic 27.34
RSI 48.69


STRATEGY
As long as 13729.3 PTS continues to be a resistance, the movement may join 12636.69 PTS over the short term. The surpassing of 13729.3 PTS would invalidate this opinion and open the door for 13911.41 PTS.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. The RSI value is less than 50: this confirms the weakness of prices. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 13478.9 PTS the index corrected towards the 50-day moving average 12930.84: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 12636.69 PTS and 12454.58 PTS. The resistances are at 13365.1 PTS and 13729.3 PTS.