DAX bulls are back in control on the close above 12590. We topped exactly at minor short term MA resistance at 12640/650 but if we continue higher today look for further minor resistance at 12700/705. We are getting overbought short term so gains are likely to be limited but above 12730 targets 12810 before 2 week highs at 12835.
Below 12610 risks a slide to what should be the best support for today at 12550/540. Longs need stops below 12490. A break lower puts bears back in control targeting 12455/445 then 12395/385 before the 12310/303 low.