German Dax Maintains Positive stability

The German DAX index succeeded in touching the first official target station at the price of 15,310, recording its highest level during the previous trading session at 15,298.

On the technical side, with the index continuing to trade above the support level of 15,210/15,200, which is dotted with the continuous positive stimulus of the 50-day moving average.

It encourages us to maintain our positive outlook, knowing that confirming the breach of 15,310 is a catalyst that increases and accelerates the strength of the bullish bias with the target of 15,350, and then 15,400, respectively.

The activation of the bullish scenario depends on trading remaining above 15,200, and breaking it will lead the index to a bearish intraday path targeting 15,150.

Note: The RSI has started sending warning signals.

Note: the level of risk may be high today.

S1: 15210	R1: 15310
S2: 15150	R2: 15350
S3: 15100	R3: 15410