Dax may rise to 18950.00 - 19040.00

Pivot

18700.00

Our preference

Long positions above 18700.00 with targets at 18950.00 & 19040.00 in extension.

Alternative scenario

Below 18700.00 look for further downside with 18620.00 & 18545.00 as targets.

Comment

The RSI is negative but supported by a strong support.

Supports and resistances

19300.00

19040.00

18950.00

18828.00 Last

18700.00

18620.00

18545.00

Number of asterisks represents the strength of support and resistance levels.