Germany’s DAX index tended to trading negative but still maintaining a positive stability above 13040.
Technically, with the success of the index in building on the mentioned support floor, with the positive motive of the 50-day moving average.
It encourages us to maintain the positive expectations, provided that the break of 13160 is confirmed, and this strengthens the chances of a rise towards 13225 as a first target extending gains later towards 13280.
A break of the support floor of 13040 is able to negate attempts to rise and put the index under negative pressure targeting a re-test of 12985.
S1: 13040 | R1: 13160 |
S2: 12985 | R2: 13225 |
S3: 12920 | R3: 13280 |