Dax may rise to 18370.00 - 18460.00

Pivot

18160.00

Our preference

Long positions above 18160.00 with targets at 18370.00 & 18460.00 in extension.

Alternative scenario

Below 18160.00 look for further downside with 18088.00 & 18030.00 as targets.

Comment

The RSI has broken up its 30 level.

Supports and resistances

18630.00

18460.00

18370.00

18295.30 Last

18160.00

18088.00

18030.00

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