DAX 30 (1H) - intraday bullish bias
The German index saw solid demand in the area between 12900 and 12950. The latest correction could be temporary and a rebound may carry the price to its previous top at 13330. This morning's strong upside momentum followed the bullish MA cross and signals that buyers are fighting back to retake control. We may expect a minor pull back as more buyers get onboard at better prices. The recovery will hold as long as the index does not fall below 12900.
Key support: 12950
Key resistance: 13330
The German index saw solid demand in the area between 12900 and 12950. The latest correction could be temporary and a rebound may carry the price to its previous top at 13330. This morning's strong upside momentum followed the bullish MA cross and signals that buyers are fighting back to retake control. We may expect a minor pull back as more buyers get onboard at better prices. The recovery will hold as long as the index does not fall below 12900.
Key support: 12950
Key resistance: 13330
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.