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9 Feb 2015
DAX dives deeper in red on Greek woes
FXStreet (Mumbai) - Germany’s benchmark index, the DAX, opened with a negative gap and fell further as looming Greece crisis continued to dampen investor's sentiment.
Currently, the DAX 30 traded -1.32% at 10,697.30 levels, moving away from day’s highs posted at 10765.50 levels. The DAX sank as markets remain concerned about the future of Greece, with the crisis in Ukraine also returning to the spotlight.
The index is seen trading with a negative market breadth with an advance decline ratio of 7:23. Among major gainers, Linde AG leads the index gaining 0.69%. On the losing end, Volkswagen AG, Infineon Technologies and Bayer AG are down -1.84% to -2.10%.
DAX Technical Levels
The index has an immediate resistance at 10765 and above that at 10828. Meanwhile, support is seen at 10600 levels and 10450 levels.
Currently, the DAX 30 traded -1.32% at 10,697.30 levels, moving away from day’s highs posted at 10765.50 levels. The DAX sank as markets remain concerned about the future of Greece, with the crisis in Ukraine also returning to the spotlight.
The index is seen trading with a negative market breadth with an advance decline ratio of 7:23. Among major gainers, Linde AG leads the index gaining 0.69%. On the losing end, Volkswagen AG, Infineon Technologies and Bayer AG are down -1.84% to -2.10%.
DAX Technical Levels
The index has an immediate resistance at 10765 and above that at 10828. Meanwhile, support is seen at 10600 levels and 10450 levels.