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Good piece from marketwatch. The big story though is the China/US trade dispute. China have just watched the EU walk in and do a deal, problem solved. China have today signalled they may well be willing to do the same by wanting to re-start trade talks. Junkers got a deal by giving up partially on the EU's massive trade advantage, China may well take the same quick and relatively easy route. A new deal possibly signed within days will could cause a big surge in the indices. 

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Posted (edited)

Odd multi reversal day yesterday but support held at 12535. Today looking for a retest of resistance at 12718.

1 hour chart;

2086185174_GER30()H1.thumb.png.91616bceffa6cf6ce4235ab6c0146ac0.png

Edited by Caseynotes

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This morning's dax looks like an inverted mirror of yesterday with the Euro open 7am bar signalling a move to test support but not sure I believe it, the London open 8am bar should confirm or refute.

622014558_GER30()H1.thumb.png.1d5ae95af976d680c799605c69ed56ce.png

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So yesterday the early signs were correct and Dax was looking for support and found it in the recent trendline. Now reaching for 12705 and 12739.

1 hour chart;

126109292_GER30()H1.thumb.png.4f82f60cb71c5aeec8888c2f2b129d4f.png

 

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Dax is trying to put in a doji to stop the fall on the Euro opening 1 hour candle. If that fails then a retest of 12574 then 12535.

On the up side is a retest of 12700 then 12740. 

797497089_GER30()H1.thumb.png.e86a5f1aab4cc4b8ebf335d123515585.png

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