Dax may rise to 19490.00 - 20000.00

Pivot

18200.00

Our preference

Long positions above 18200.00 with targets at 19490.00 & 20000.00 in extension.

Alternative scenario

Below 18200.00 look for further downside with 17610.00 & 17000.00 as targets.

Comment

Investors have to remain cautious since these levels may trigger profit taking. .

Supports and resistances

20190.00

20000.00

19490.00

19434.00 Last

18200.00

17610.00

17000.00

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