Wed, Jun 29, 2022 @ 15:50 GMT
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Dax 40 Struggles to Rebound

The Dax 40 weakens as the energy crisis in Europe casts doubt on growth. A bullish RSI divergence indicates a slowdown in the current liquidation.

A break above the latest sell-off point at 14140 prompted some sellers to cover their bets, easing the pressure in the process. Nonetheless, the bulls need to clear offers around 14400 from a previously faded rebound.

Only then a broader rally may reach the March peak at 14910. Otherwise, 13850 is a fresh support, and 13580 is a key level to keep the recovery intact.

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