Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Positive trading dominated the German DAX, as we expected, touching the official station mentioned in the previous technical report at a price of 13,870, recording the highest of 13,920.
On the technical side, we will maintain our positive outlook, depending on the stability of the intraday trading above the previously breached resistance level, which has now turned to the support level of 13,790, accompanied by the positive stimulus of the 50-day simple moving average.
Consequently, the bullish scenario will remain valid towards 13,970, and its breach will increase and accelerate the continuation of achieving gains towards 14,110. Maintaining the above suggested bullish scenario depends on trading remaining above 13,790.
| S1: 13655 | R1: 13975 |
| S2: 13460 | R2: 14110 |
| S3: 13330 | R3: 14290 |
