German Dax Maintains Positive Stability

The German DAX maintains positive stability after succeeding in establishing a decent support floor above 13,220 and generally above 13,190.

On the technical side, we tend to be positive in our trading, relying on the index’s anchorage above the 13,220 support floor, which is accompanied by the positive stimulus of the 50-day moving average.

Consequently, the confirmation of the breach of 13,365 accelerates and confirms the strength of the daily bullish trend, so that we are waiting for 13,445, and the gains may extend later towards 13,520.

The activation of the suggested scenario depends on the price remaining above 13,190. Note: the level of risk may be high.

S1: 13200	R1: 13365
S2: 13120	R2: 13445
S3: 13050	R3: 13520