Dax may rise to 18920.00 - 19370.00

Pivot

18515.00

Our preference

Long positions above 18515.00 with targets at 18920.00 & 19370.00 in extension.

Alternative scenario

Below 18515.00 look for further downside with 18120.00 & 17640.00 as targets.

Comment

Investors have to remain cautious since these levels may trigger profit taking. .

Supports and resistances

19500.00 **

19370.00 ***

18920.00 **

18704.00 Last

18515.00 ***

18120.00 **

17640.00 *

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