As a result the German Stock market has been testing the support at 9631/9647 points and the increasing 200-day-moving average (weighted) at 9664 points.
The Moving Average Convergence/Divergence (MACD) has generated a new sell signal on daily basis. The MACD line and the trigger line closed below the zero level last week. Other indicators show a negative scenario too. And so the investors are still waiting for a countermovement to the former support at 9792/9795 points.
A significant closing price above the mentioned supports would be very important. Target price is the new resistance at 9792/9795 points. Above this price level the German stock market could continue the upward trend to the highs at 10,015/10,048 points.