DAX

Dax (Eurex) (U18) Intraday: key resistance at 12019.00.
Pivot: 12019.00

Most likely scenario: short positions below 12019.00 with targets at 11900.00 & 11790.00 in extension.

Alternative scenario: above 12019.00 look for further upside with 12091.00 & 12220.00 as targets.

Comment: as long as the resistance at 12019.00 is not surpassed, the risk of the break below 11900.00 remains high. Bearish channel still ongoing.

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