Dax ST: bullish bias above 12590.00.

Trading Central 2020-11-20 17:21:07

Pivot: 12590.00

Our preference: long positions above 12590.00 with targets at 13460.00 & 13795.00 in extension.

Alternative scenario: below 12590.00 look for further downside with 12230.00 & 11458.00 as targets.

Comment: the RSI is bullish and calls for further advance. The price index faces a challenging resistance at 13460

Supports and resistances:

14400.00 **

13795.00 ***

13460.00 ***

13110.86 Last

12590.00 **

12230.00 **

11458.00 **

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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