The DAX failed to confirm another strong closing turning instead lower by forming a negative day reversal; a daily closing tonight below 5924 will support lower levels!!
The indicators of the daily chart are still above the line but those of the s/t ones are negative this morning suggesting further downside risk.
Only an hourly closing above 6135 will instead postpone further weakness re-launching the move up. We have some support her at 5910/00; the holding of this area could favour a retest of the 200 hours line, now s/t resistance at 6040!!
The s/t scenery is very much mixed but we feel there is some more upside potential. If we should have to do a position we would rather buy!!
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http://www.easyforexnews.net/wp-content/uploads/2011/11/DAX-11.15.pdf
FUTURE TREND RESEARCH