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Since the last update here on the DAX earlier this morning, the index futures have lifted again and with less than 30 minutes to go before the index reopens, it looks likely to be another record opening this morning. The index could easily reach 23k at some stage today, by the way things look right now. That means it will take another step towards its potential ultimate objective around 26k. This is only a price projection though, based on the current longer-term chart dynamic and not on anything else as far as this analyst is concerned. Of course it could end its current record run at any stage ahead of that. Meanwhile, the bulls still have the upper hand and they appear not to be loosening their grip either. The German ZEW data, due at 10am GMT this morning could also help to underpin the current inexorable rise, assuming the best of all possible good news is not already priced-in at these record levels? There is a strong argument to suggest that increasingly that is the case. The DAX is right now priced to reopen around 22,855
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