Dax may rise to 18235.00 - 18295.00

Pivot

18040.00

Our preference

Long positions above 18040.00 with targets at 18235.00 & 18295.00 in extension.

Alternative scenario

Below 18040.00 look for further downside with 17950.00 & 17895.00 as targets.

Comment

A support base at 18040.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances

18364.00

18295.00

18235.00

18163.90 Last

18040.00

17950.00

17895.00

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