Dax Looking For Extra Momentum

The technical outlook is unchanged, and the German DAX index has not changed its movements, maintaining the bullish stability above the support level of 15,200.

On the technical side today, we tend to be positive, with the index succeeding in building a base on the support floor of 15,200. The 50-day moving average supports the continuation of the rise to visit 15,340 the first target, knowing that its breakout is a catalyst that increases the possibility of extending the gains towards 15,390.

Trading below 15,200 forces the index to retest 15,160 before attempting to rise again. Note: The level of risk is high.

S1: 15200	R1: 15340
S2: 15145	R2: 15395
S3: 15085	R3: 15460