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10 Dec 2014
DAX climbs higher, opens on a stronger note
FXStreet (Mumbai) - Germany’s benchmark index, the DAX, opened with a positive gap, posing a healthy recovery after yesterday’s sell-off globally.
Currently, the DAX 30 trades at 9866.50 levels, up 0.75%, compared to yesterday’s close of 9793.71. The DAX trades higher today with a positive index breadth with an advance decline ratio of 16:14. Among the major gainers, shares in Henkel AG, Beiersdorf AG, Linde AG and Fresenius SE & Co gained 0.50% to 1%. The top loser was Deutsche Telekom AG which declined -1.76%.
DAX Technical Levels
The index has an immediate resistance at 9872.08 (10-day SMA), above which gains could be extended to 9921.46 (Nov 25 High) levels. Meanwhile, support is seen at 9836.90 (5-day SMA) and 9787.26 (Nov 25 Low) levels.
Currently, the DAX 30 trades at 9866.50 levels, up 0.75%, compared to yesterday’s close of 9793.71. The DAX trades higher today with a positive index breadth with an advance decline ratio of 16:14. Among the major gainers, shares in Henkel AG, Beiersdorf AG, Linde AG and Fresenius SE & Co gained 0.50% to 1%. The top loser was Deutsche Telekom AG which declined -1.76%.
DAX Technical Levels
The index has an immediate resistance at 9872.08 (10-day SMA), above which gains could be extended to 9921.46 (Nov 25 High) levels. Meanwhile, support is seen at 9836.90 (5-day SMA) and 9787.26 (Nov 25 Low) levels.