German Dax Stable Above Support

The German DAX maintains the bullish trend within a gradual rise to the upside, with a long point difference of 13225 target, reaching a high of 13205.

Technically, with the index being able to build on the support floor 13030/13035, which was accompanied by a positive stimulus for the 50-day moving average.

This encourages us to maintain the positive, provided that the break of 13170 is confirmed, and this strengthens the chances of a rally towards 13260 as a first target, and the gains may extend later towards 13310.

A break of the support floor of 13030 is able to negate attempts to rise and put the index under negative pressure targeting a re-test of 12970.

Note: The level of risk may be high.

S1: 13035	R1: 13170
S2: 12975	R2: 13260
S3: 12890	R3: 13315