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Sep 16

TECHNICAL ANALYSIS BY NSFX 16.09.2013

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The German index gapped up above the static resistance and now trading in unchartered territory at 8578. It can either pullback to test 8546 or continue its way to test round numbers and price projections. 8600 and 8700 would be a likely short term target and in case the index will fall the scenario will stay bullish until 8329.

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R1
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