DAX Tends to be Negative Waiting For Pending Orders

Negative trading dominated the German DAX, recording the lowest level at 12935, near the support level mentioned in the previous analysis, 12925.

Technically, we tend to negativity based on negative signs from the stochastic with negative pressure coming from the 50 day moving average.

Therefore, the bearish bias will be likely today, targeting 12920, bearing in mind that confirming a break of 12920 increases and confirms the strength of the bearish tendency, so we will be waiting for 12870/12875 as a second target and may extend later towards 12795.

From above, stabilization of trading once again above the resistance level 13085 will nullify the attempts to decline and lead the index to a new bullish path 13220.

Warning: the level of risk remains high

S1: 12875	R1: 13085
S2: 12795	R2: 13220
S3: 12665	R3: 12295