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positive trading dominated the German DAX, touching goal of 13,720, to record its highest level at 13,720.
On the technical side today, as the index continues to receive a positive stimulus from the 50-day moving average, in addition to the positive signs coming from the RSI on short time frames.
Therefore, with the intraday trading remaining above 13,590, the bullish scenario will remain valid and effective, knowing that confirming the breach of 13,720 extends the index’s gains, opening the way towards 13,790/13,795, and the gains were made towards 13,830.
The return of trading to stability again 13,590 delays the bullish chances, but does not cancel it, and we may witness a re-test of 13490 before rising again. Warning: the level of risk remains high.
| S1: 13590 | R1: 13730 |
| S2: 13510 | R2: 13795 |
| S3: 13450 | R3: 13870 |
