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Jun 27

TECHNICAL ANALYSIS BY NSFX 27.06.2015

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The index is in downtrend  and it could not rise above the supply line generated from the top 12376. Below the 55EMA the DAX can drop to 11170, a level that would close a gap and then it might test the multiple bottom at 10790. A breakout above the supply line can lift the index to test again its all time high at 12376. Volatility is near its 2015 top and the RSI indicator does not signal any change of trend.

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