TECHNICAL ANALYSIS BY NSFX 27.01.2014
The German Index sold off heavily on Friday closing at a monthly low. The 50 Day SMA in the 9345 region offered support, seeing orders this morning push price action back towards the 9400 resistance. 9372 offered support earlier in the month also. Beyond 9500 the 9626 area of resistance could be eyed should the bullish momentum take over.