German Dax Maintains Its Gains

Positive trading dominated the movements of the German DAX index within the expected upward path, touching the official target station of 14,000, to record a high of 14,030.

On the technical side today, with the price stabilizing above the support level of 13, 920 and in general above 13, 870 in addition to the positive motive of the 50 day moving average.

This increases the probability of continuing the rally, as long as the breach of 14,030 is confirmed, targeting 14,080 first targets, and then 14,140 next stations awaited.

Trading below 13,865 will immediately stop the bullish bias and put the price under negative pressure, aiming to re-test 13,810/13,800.

Note: The level of risk may be high today.

S1: 13920	R1: 14080
S2: 13810	R2: 14140
S3: 13745	R3: 14245