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DAX lifts from a lower opening
As expected the DAX did open lower this morning, but not as low as priced into the futures earlier and not below the low seen last week, at 24,830. The early price action has been positive too, with the index rising quickly back above the 25k handle. The question now to ask, is this an attempted gap filling exercise from the low seen on Friday and the subsequent close? Well, if it is then it has already filled that gap in terms of the low, but not yet above where the index closed, at 25,067.
So, whilst rebounding in early trading, this is not yet conclusive to much else at this stage and we wonder if sellers will yet emerge to quash the rebound? All to be revealed. The DAX just traded to around 25,050
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