Dax is neutral

Pivot

18860.00

Our preference

Short positions below 18860.00 with targets at 17950.00 & 17600.00 in extension.

Alternative scenario

Above 18860.00 look for further upside with 19130.00 & 19370.00 as targets.

Comment

As long as 18860.00 is resistance, look for choppy price action with a bearish bias. .

Supports and resistances

19370.00 **

19130.00 ***

18860.00 **

18389.60 Last

17950.00 ***

17600.00 **

17270.00 *

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