GDAX Index
Long
GER30 Dax (Eurex) may rise to 18250.00 - 18370.00
Pivot
17965.00
Our preference
Long positions above 17965.00 with targets at 18250.00 & 18370.00 in extension.
Alternative scenario
Below 17965.00 look for further downside with 17870.00 & 17770.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances
18400.00
18370.00
18250.00
18165.00 Last
17965.00
17870.00
17770.00
Number of asterisks represents the strength of support and resistance levels.
17965.00
Our preference
Long positions above 17965.00 with targets at 18250.00 & 18370.00 in extension.
Alternative scenario
Below 17965.00 look for further downside with 17870.00 & 17770.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances
18400.00
18370.00
18250.00
18165.00 Last
17965.00
17870.00
17770.00
Number of asterisks represents the strength of support and resistance levels.
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