On the chart of the German index DE.30, the Friday session formed a bullish engulfing formation which was confirmed by high volume. Today’s opening began with a bullish gap and a strong demand response. The price is above the resistance of 13,200 points. It is worth paying attention to the lower time interval.

On H1 chart, a strong reaction of buyers is noticeable. The quotations have established a new higher peak and no reaction of the supply side can be seen. Lack of dynamic drops with increasing volume will probably lead to further increases. The next resistance is around the round level of 13,300 points.

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