DAX40 PERF INDEX - Reached Another Fresh High and Jumped 9% Since September - 10/30/2017 (GMT)

The German DAX 30 exposed to a new all-time high near the 13251 price level, during the previous week and is continuing the buying interest that started from the previous month. The index is recording the second bullish month in a row after the pullback on the 11860 support handle and jumped more than 9%.

On the daily timeframe, the RSI indicator lies in the overbought zone with weak momentum, whilst the MACD oscillator holds near the trigger line. If the price climbs above the all-time high, it will manage to challenge the 161.8% Fibonacci extension level of the last downward movement with high at 12953 and low at 11860, near the 13620 price level.