DAX breaks major resistance around 9720, targets 10000
Major short term resistance -9720 (Daily Tenken-Sen)
The index has broken major resistance 9720 which confirms minor bullishness, a jump till 10000/10165 is possible.
Any minor weakness can be seen only below 9250 and any break below 9250 will drag the index down till 9069 (200 W MA)/8880.
The minor support is around 9580/9495/9300.
The major long term support is around 9000 and any close below 9000 will confirm further weakness , a decline till 8350/8000 is possible .
Short term bullishness can be seen only above 9720 and above that level index will reach till 9800/ 10000/10165.The minor resistance is around 9590.
It is good to buy at dips around 9700 with SL around 9580 for the TP of 10000/10165.
The index has broken major resistance 9720 which confirms minor bullishness, a jump till 10000/10165 is possible.
Any minor weakness can be seen only below 9250 and any break below 9250 will drag the index down till 9069 (200 W MA)/8880.
The minor support is around 9580/9495/9300.
The major long term support is around 9000 and any close below 9000 will confirm further weakness , a decline till 8350/8000 is possible .
Short term bullishness can be seen only above 9720 and above that level index will reach till 9800/ 10000/10165.The minor resistance is around 9590.
It is good to buy at dips around 9700 with SL around 9580 for the TP of 10000/10165.