Dax (Eurex) (Z18) Intraday: the upside prevails.

Dax (Eurex) (Z18) Intraday: the upside prevails.
Pivot: 11310.00

Most likely scenario: long positions above 11310.00 with targets at 11450.00 & 11510.00 in extension.

Alternative scenario: below 11310.00 look for further downside with 11260.00 & 11180.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Key support at 11260. Intermediary support at 11310.

Leave a Reply