Since the beginning of the year, the index gained more than 15.0% and last week ended with a rise over 0.5% nonetheless remains in a bullish phase since early September. Last week the German main index initially fell but found enough support at 12,948 to erase all losses and managed to close near the high of the week, however closed within the previous week range, which suggests being slightly on the bullish side of neutral. The stochastic is showing a weak bullish momentum although it is above the 50 mid line. It seems that the DAX 30 found support at 12,948 a key level were its refusing to drive lower and the recent close above the 10-week moving average may push the price back up. Expecting an upward move to 2017 high at 13,530 (scenario 1) on break above the previous week high at 13,243 however a bounce from the 2017 high at 13,530 may set in motion another downward push to the key level at 12,948 (scenario 2).