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Sep 16

TECHNICAL ANALYSIS BY NSFX 16.09.2013

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There is a divergence between the DAX30 and USA500. The European index broke the resistance and touched its historical high meanwhile the American gauge is struggling to pass 1709.3. Above this level 1730 and then 1750 would be a short term target. If the price cannot rise above the resistance a retracement until 1675 would not change the positive market sentiment.

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