DAX Technical Analisys Oct, 9, 2017

Dax (Performanceindex) is within a rising trend.
Continued positive development within the trend channel is indicated.
The index is testing the resistance at points 13000, which may give a negative reaction.
Resistance at 13. Support 12.9
A break up above the 13k level could push price much higher
RSI is overbought. This shows that the momentum of The index is strong and that the price may well rise further in the short term.
We should see a decline in the RSI chart before this is considered to weaken the index.
The index is overall assessed as technically positive for the medium long term.






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