Dax may rise to 18490.00 - 18560.00

Pivot

18160.00

Our preference

Long positions above 18160.00 with targets at 18490.00 & 18560.00 in extension.

Alternative scenario

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

Comment

The immediate trend remains up but the momentum is weak.

Supports and resistances

18650.00

18560.00

18490.00

18417.50 Last

18160.00

18088.00

18030.00

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