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Long

DAX breaks major resistance around 9720, targets 10000

FX:GER30   DAX index of German listed shares
289 0 4
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.

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