Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The technical outlook remains unchanged, and the movements of the German DAX index did not change significantly, preserving the positive stability.
Technically, with trading above the support level of 13,850, accompanied by the index getting a positive motive from the 50-day simple moving average.
Consequently, the bullish scenario remains valid and effective, targeting 14,000 first targets, and then 14,040, knowing that the breach of the latter is a catalyst that extends the index’s gains to target 14,110.
The bullish scenario depends on trading remaining above 13,850, and breaking it will stop the attempts to rise, and we will witness a decline targeting 13,770.
| S1: 13850 | R1: 14000 |
| S2: 13770 | R2: 14040 |
| S3: 13720 | R3: 14120 |
