The Dax hovered around 12600 support level in yesterday’s session to close slightly in the green, attempting to recover from Monday’s sell-off, only to be weighed down by just released weaker than expected Gfk German Consumer Climate for the month (Oct) along with the 50 period SMA on the hourly chart, as we look for a breach of the moving average to favor further upside with 12800 as the closest resistance target.
Support: 12600 / 12400
Resistance: 12800/ 13000
