DAX attempts positively – Analysis – 31-5-2016

The DAX price provided more of the positive trading in the last period to notice surpassing the resistance at 10295.00, providing positive signal that supports surpassing the domination of the negativity as appears in the above image, our bullish suggestion depends on the stability of the breached resistance to form the main support in the upcoming period, to expect the price attempt to record new targets that begin at 1054.00 reaching to 10683.00 level, which represents the main target in the near and medium period.

The stability of the moving average 55 below the current trading besides forming a bullish wave, and its attempt to reach the overbought level represents the main factor for the bullish bias.  

Expected trading range for today is between 10280.00 and 1054.00

Expected trend for today: Bullish.