German DAX Starts on Negative Side

The current movements of the German DAX index are witnessing a bearish bias, after finding a strong resistance level around 14,720.

On the technical side, we are biased towards the negativity relying on the obvious negative crossover signals on Stochastic. Therefore, we target 14,530/14,520, and then 14,430 next stop.

The return of trading to stability above 14,720 will stop the bearish bias, and we will witness a re-test of 14,810 before retreating again.

Note: The level of risk may be high today.

S1: 14525	R1: 14720
S2: 14425	R2: 14815
S3: 14330	R3: 14910