Description
⋅ Major resistance – 10000
Major support – 9800 (7 day 4 H EMA)
The index has recovered after making a low of 9396. It is currently trading around 9950.
DAX30 is facing major resistance around 10000 and any break above will take the index till 10200/10410 in short term.
On the lower major support is around 9800 and break below targets 9660/9597.
Short term weakness only below 9300 level.
It is good to buy above 9980-10000 with SL around 9800 for the TP of 10400