Dax Continues to Try Positive

Positive moves dominated the German DAX index within the bullish path, as we expected it approached with a difference of a few points of the target to be achieved during the previous session, 13365, posting a high of 13340.

On the technical side, the intraday movements of the index are witnessing a slight bearish slope due to negativity features that began to appear on Stochastic.

Therefore, we may witness a slight bearish tendency during the coming hours with the aim of retesting 12220 before attempting to rise again, which targets 13330/13340, and may extend later towards 13390.

Warning: Confirmation of breaking 13220 will immediately stop the attempts to rise and force the index to downside targeting 13165.

Warning: The level of risk may be high today.

S1: 13220	R1: 13330
S2: 13165	R2: 13390
S3: 13105	R3: 13445