The German DAX index maintains positive stability, recording its highest level during early trading for the current session at 14,015.
On the technical side today, we are biased towards the intraday positivity depending on the intraday trading stability above the support level 13,910 and generally above the pivotal support floor 13,860, in addition to the positive signs of the RSI indicator on short time frames.
We are targeting 13980 the first target, clearing it extends the gains towards 14,030/14,050 next target.
Trading below 13,850 negates the suggested scenario, and we may witness downside moves targeting 13,810/13,800.
S1: 13910 | R1: 14000 |
S2: 13870 | R2: 14050 |
S3: 13820 | R3: 14090 |