(CercleFinance.com) – After the ‘bear-trap’ of July 5 at 12,400 (sharp break of the opening ‘fixing’ of March 7 at 12,600) then a second bearish alert at 12,520 at the close on July 14, the DAX is reversing Suddenly steam with a gain of +2.8% to 12,870 Pts which erases the declines of July 13 and 14 in one fell swoop.
The crossing of the recent resistance of 13.000Pts of July 8 could precede the re-test of the ex-floor of 13.380 (unambitious objective) then the closing of the ‘gap’ of 13.750 of June 10.
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