German DAX Starts on Positive Side

The current movements of the German DAX index are witnessing a bullish tendency after it succeeded in establishing a good support floor near 14,580.

On the technical side today, we tend to be positive, but cautiously depending on the index price remaining above the support level of 14,620, and in general, above 14,570, accompanied by the index getting a positive stimulus from the 50-day moving average.

Consequently, there is a possibility of an upward slope in the coming hours targeting 14,720 and then 14,775 preliminary stops, respectively. Today, the trend is to the upside as long as prices are stable above 14,575.

S1: 14570	R1: 14720
S2: 14520	R2: 14775
S3: 13740	R3: 14860