Dax Keeps Its Gains

The German DAX index maintains positive stability after it succeeded in building a base on the support floor of 13,920, as the intraday movements of the index witnessed stability above the psychological barrier of 14,000.

On the technical side today, and with the index continuing to get a positive stimulus from the 50 day moving average. This encourages us to maintain our positive expectations, targeting 14,120 first targets that may extend later towards 14,180.

In general, we will continue to suggest the upside move unless we witness trading below 13,920. Note: The risk level may be high today.

S1: 13920	R1: 14120
S2: 13785	R2: 14190
S3: 13710	R3: 14320