German Dax Starts Positively 14/4/2022

Positive trading returned to control the movements of the German DAX after it managed to close yesterday’s session above the psychological support level of 14,000.

Technically, we tend in our trading to the positive, but cautiously, relying on the price’s intraday basis above 14,000, seen by the positive motive of the 50-day simple moving average.

The bullish scenario is most likely today, targeting 14,190, the first target, knowing that the breach of the mentioned level is a catalyst that might enhance the chances of rising towards 14,270 as long as the price is stable above 14,000.

The return of trading stability below 14,000 can thwart the attempts to rise and lead the index to a negative trading session, with its initial target around 13,890.

Note: The risk level is high.

Note: CFD trading involves high risk; all scenarios may occur.

S1: 14005	R1: 14190
S2: 13895	R2: 14270
S3: 13815	R3: 14380