(07 MAY 2019)DAX:Key resistance at 12300.00.

(07 MAY 2019)DAX:Key resistance at 12300.00.

7 May 2019, 10:27
Jiming Huang
0
60

da

Pivot (invalidation): 12300.00

Our preference

Short positions below 12300.00 with targets at 12230.00 & 12150.00 in extension.

Alternative scenario

Above 12300.00 look for further upside with 12335.00 & 12380.00 as targets.

Comment

The upward potential is likely to be limited by the resistance at 12300.00.

(By Swissquote TRADING CENTRAL)