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Long

DAX faces strong resistance at 9860, break above targets 10165

FX:GER30   DAX index of German listed shares
199 0 3
Major resistance – 9860 ( trend line joining 10164 and 9925)

The index has recovered till 9840 after making a low of 9591(28th Jan 29th 2016). It is currently trading at 9833.

DAX             is facing strong resistance around 9878 and any further bullishness can be seen only above that level. Any break above 9878 will take the index to next level 1000/10165.

On the lower side minor support is around 9748 and break below targets 9700/9650.Short term weakness only below 9560.

It is good to buy above 9860 with SL around 9700 for the TP of 10000/10165/10300
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