GER 30 index recovers slightly

Germany 30 stock index looks to be rising slightly since recently finding footing at the 12,339 level. Painting a picture is the positively charged volume profile, one of which has capped additional progress from the bearsl.

If sellers resurface, initial support may arise from the tough 12,339 border. If this barrier gives way to downside pressures the index may be pushed to the significant boundary of 12,208 from July 31. Steeper declines may then sink towards the 12,081 level, before the price tests the 11,956 vital troughs around the end of June.