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Aug 16

TECHNICAL ANALYSIS BY NSFX 16.08.2013

By:

High:  Low: 

The DAX30 not only closed the gap that pushed price to 8457 but now is trading between the 21 SMA and the 55 EMA on the 4 hours time frame.  Only a consolidation above 8390 can create conditions for the first target at 8455. Next supports area in the lower band of the channel that started the 18th of July are 8308 and 8200

R3
R2
R1
S1
S2
S3