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Aug 07

TECHNICAL ANALYSIS BY NSFX 07.08.2013

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A bearish candle for the moment  stopped the attempts of bullish traders to test important price levels at 8458 and then 8525. For day traders an important area to be regained is 8330 because only above the 200 SMA on the 30 minute chart  confidence will attract buyers on the short term. A support level very likely to be tested is at 8209, and not faraway 8162. Only the dynamic  resistance made by the bullish trendlline can be considered a real turning point for the market view of the DAX30

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