German Dax presses support 10/5/2022

Mixed trading tilted to the negative dominated the movements of the German DAX index, recording its lowest level during the previous trading session’s trading at around 13,340.

On the technical side, today, we find the index hovering around the support level of 13,360. In addition, we find the negative features dominating the momentum indicator and the stability of the momentum indicator below its mid-line.

We tend to be negative, but on the condition that we witness a break of 13,350, which facilitates the task required to visit 13,260 first targets and 13,120, as long as the index is stable below 13,610.

Note: the level of risk may be high

S1: 13260	R1: 13610
S2: 13120	R2: 13830
S3: 12900	R3: 13960