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Aug 05

TECHNICAL ANALYSIS BY NSFX 05.08.2013

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For short term traders  the 55 EMA on 30 minutes chart can be seen as a threshold between buyers and sellers.  Area 8310 can be seen as a solid support for intraday traders meanwhile scalper might find attractive the support at 8407. On the upside  a confirmed breakout of  8459 can drive price to test  the double top at 8510. Is expected very high volatility around this price level where sellers can push price to test 8252 area and if 8152 level should be broken then the DAX could have a intermediate correction.

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