Germany’s DAX Starts Positively

The German DAX index began its weekly trading with a bullish tendency, recording its highest level during early trading for the current session 13,277.

On the technical side, we tend to be positive in our trading, relying on the index’s anchorage above the 13,000 support floor accompanied by the positive stimulus of the 50-day moving average, in addition to the index continuing to get positive signals from the RSI on short time frames.

Consequently, confirmation of the breach of 13,270 accelerates and confirms the strength of the daily bullish trend, so that we wait for 13,330 and gains may extend later towards 13,410.

The activation of the suggested scenario depends on the price remaining above 13,000.

Warning: The level of risk may be high

S1: 13000	R1: 13275
S2: 12860	R2: 13415
S3: 12725	R3: 13530