Dax Continues to The Upside

The German DAX index succeeded in achieving the positive outlook, as we expected at the end of last week’s trading, touching our awaited target of 14,110, recording its highest price of 14,103.

On the technical side, with the index succeeding in breaching the 14,000 psychological barrier resistance level, which has now been converted into a support level, in addition to the positive motive of the 50-day moving average.

This is a motivating world that encourages us to maintain our positive outlook, targeting 14,110 then 14,160, and gains may extend later to 14,215.

Trading below 14,000 delays the bullish chances, but does not cancel it, and we may witness a bearish tendency aiming to re-test 13,950 before rising again.

S1: 14000	R1: 14110
S2: 13950	R2: 14160
S3: 13910	R3: 14215