DAX

Dax (Eurex) (U18) Intraday: technical rebound in a bearish trend.
Pivot: 11980.00

Most likely scenario: long positions above 11980.00 with targets at 
12155.00 & 12220.00 in extension.

Alternative scenario: below 11980.00 look for further downside with 
11900.00 & 11840.00 as targets.

Comment: a support base at 11980.00 has formed and has allowed for a 
temporary stabilisation.

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