The DAX confirmed on Friday a positive day reversal after a week of falling prices. Only a daily closing tonight above 6029 will however confirm a s/t bottom supporting higher levels. The weekly closing was negative but still above the 200 weeks line.
The indicators of the daily chart are positive but those o f the s/t ones show a mixed picture supporting further consolidation. Only an hourly closing above 6030 will extend the move up toward a potential target at 6473!! We expect good support at the 5900 area before the 200 hours line at 5837.
We stay long and still believe in a end of the year rally!!!
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FUTURE TREND RESEARCH