Dax may rise to 20430.00 - 20560.00

Intraday: the bias remains bullish.

Pivot

20055.00

Our preference

Long positions above 20055.00 with targets at 20430.00 & 20560.00 in extension.

Alternative scenario

Below 20055.00 look for further downside with 19910.00 & 19780.00 as targets.

Comment

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

Supports and resistances

20640.00

20560.00

20430.00

20385.80 Last

20055.00

19910.00

19780.00

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

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