-->Conclusion:
On the background of still mainly falling longer term moving averages we can say that currently the downtrend is clearly prevailing and consequently needs to be respected. However, we are tempted to state that the 930 area is very decisive with regards to the medium-term outlook. We interpret a weekly closing beyond this resistance as serious, stabilizing factor and as trigger for a recovery towards the psychological barrier near 1’000. So we monitor the 930 area closely.

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