DAX

Dax (Eurex) (U18) Intraday: continuation of the rebound.
Pivot: 11950.00

Most likely scenario: long positions above 11950.00 with targets at 12060.00 & 12090.00 in extension.

Alternative scenario: below 11950.00 look for further downside with 11900.00 & 11860.00 as targets.

Comment: the immediate trend remains up but the momentum is weak. 

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