DAX index turned bearish

18 July, 2017

Bears partially regained control on Monday. The index turned bearish from the very beginning of the day session. The benchmark broke 12600 first and then weakened down to 12527. Bulls returned control in the early European session and returned the price to 12600. The resistance lies at 12600, the support lies in at 12500. If the pressure persists DAX may reclaim 12500 in the short-term.


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