DAX to extend it's losses?

OANDA:DE30EUR   Germany 30
GER40 - Intraday - We look to Sell a break of 13838 (stop at 13931)

Our short term bias remains negative.
There is no clear indication that the downward move is coming to an end.
We look for losses to be extended today.
50 1day EMA is at 13900.
A break of the recent low at 13839 should result in a further move lower.
Further downside is expected and we prefer to set shorts in early trade.

Our profit targets will be 13609 and 13559

Resistance: 13950 / 14040 / 14100
Support: 13900 / 13810 / 13700

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