German DAX: Built on Support

The German DAX managed to achieve the required target mentioned in the last analysis, located at the price of 14,125, its highest level at 14,142.

Technically, we tend to be positive, citing the stability of trading above the psychological barrier support 14,000, in addition to the clear positive crossover signals on the stochastic indicator.

Therefore, we target 14,150 first targets, and then 14,185 next official stop, with targets may extend towards 14230. The bullish scenario depends on the index price remaining above 14,000 and breaking it is capable of delaying the daily bullish trend, and we may witness a re-test of 13,960.

Warning: The level of risk may be high.

S1: 14065	R1: 14150
S2: 14020	R2: 14185
S3: 13960	R3: 14230