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A week with a lot of US data & Bernanke speach is ahead. Not to forget
month ends on 29th.
Looks like the DAX is likely to rotate down to second support @ 6750 area
- watching for 6650 too.
The GFIs1 DAX trade today will be SHORT from 10:00 to 13:00 CET.
Dax low with 6744 had reached the mentioned second support. The bounce rallying now does not indicate that the next down level of 6650 has no chance to be reached - we do have quite a hard resistance above actual prices before the next up trend can be established.
Some consolidation on this level before reaching higher prices seams to be necessary.
We will see the developement the next days.
**edit for the closing bell**
The "good news" out of Berlin pushed the DAX north - closing is 6861.
Exactly VWAP from Friday - but NOT more.
This underlines that hopes had driven the price this afternoon.
Though this months GFIs1 results were positive for the month - march will show where to go ;-)
Watching especially the movements of tomorrow as it is the last day in february
and quite a lot US numbers are ahead.
