Daniel_Thompson

GER30 Dax (Eurex) may rise to 18250.00 - 18370.00

Long
EIGHTCAP:GER30   DAX Index
Pivot

17965.00

Our preference

Long positions above 17965.00 with targets at 18250.00 & 18370.00 in extension.

Alternative scenario

Below 17965.00 look for further downside with 17870.00 & 17770.00 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

18400.00

18370.00

18250.00

18165.00 Last

17965.00

17870.00

17770.00

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