Dax Continues to Gain Ground

The German DAX index succeeded in achieving strong gains, surveying its highest level of 14,905, benefiting from building on the support floor of 14,795.

On the technical side, today we are biased towards the positivity dependent on the positive motive of the 50-day moving average, in addition to the stability trading above 14,795.

We are targeting 14,940 first goals, and then 14,995 next stop. A break of 14,795 is capable of delaying the bullish scenario, and we may witness a re-test of 14,710 before rising again.

S1: 14795	R1: 14940
S2: 14710	R2: 14995
S3: 14650	R3: 15090