Wednesday’s trading in Germany begins with significant moves as buyers are once again trying to push through the key 13300 barrier. Despite rally on Wall Street, DE30 is locked in a tight range of 13100-13300. We had one unsuccessful break and few more precise test of this level – one that occurred yesterday and ended in a move lower. Technically, an increased number of repeated failures to break higher increases odds of a larger downward move. Key support levels to watch are 13100 and 13040.
Bulls were unable to break 13300 yesterday - now they are trying again. Source: xStation5
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