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DAX faces minor trend line resistance at 8925, break above targets 9050/9135

Friday, February 12, 2016 9:43 AM UTC

Major Resistance - 8925 (trend line joining 9622 and 9111)
Major support - 8670 (trend line joining 9251 and 8777)
DAX has taken support near trend line 8696 (trend line joining 9251 and 8772) and recovered. It is facing trend line resistance at 8925.
Any break above 8925 will take the index till 9050/ term bullishness only above 9250 (support turned into resistance)
On the lower side minor support is around 8800 and break below targets 8745/8692)

Buy DAX above 8925 for the TP of 9050/9130 with SL around 8800.

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DAX faces minor trend line resistance at 8925, break above targets 9050/9135

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