Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The German DAX index is trading positively to achieve noticeable gains touching the level of 13,755. On the technical side, we are positive in our trading, relying on the intraday trading stability above 13,550 accompanied by the stability of the RSI above the mid-50 line in addition to the stochastic concentration around the saturation areas in the purchase.
Consequently, confirming the breach of 13,755 is a catalyst that enhances the chances of the trader rising towards the first awaited target at 13,775, and then 13,870.
From the bottom, trading stabilized again below 13,570 and stabilizing below it puts the price under temporary negative pressure targeting 13,460. Note: The risk level is still high.
| S1: 13570 | R1: 13775 |
| S2: 13460 | R2: 13870 |
| S3: 13370 | R3: 13980 |
