Dax Settled Above Support

The German DAX index maintained positive stability, to start its weekly trading on a bullish tone, benefiting from stability above 15130.

Technically, with the intraday trading remaining above the support level of 15,210, accompanied by the positive motivation of the 50-day moving average, in addition to the positive signs of the RSI on short time frames. This encourages us to maintain our positive outlook, targeting 15,310 the first target, and break here considered as a catalyst that enhances the chances of the rally to visit 15,350, and the gains may extend to visit 15,420.

Trading below 15,130 will postpone the bullish trend, and we may witness negative trades aiming to re-test 15,085 before attempting to rise again.

Note: The level of risk may be high.

S1: 15205	R1: 15310
S2: 15130	R2: 15350
S3: 15085	R3: 15420