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The index broke through yet another important resistance level at 9780 and at the moment moves around the 9800-9950 levels. In upward direction the next resistance can be found at the psychological barrier at 10 000 points, where traders should be aware of a fake break. Bulls’ momentum is showing signs of a slowdown, but the upward trend remains intact. A possible downward correction can lead the price to the support levels, lying at 9165, 8900 and 8500.

DAX2

Support

9165

8900

8500

Resistance

10000

10000

10000

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