GER30 may fall to 16270.00 - 16350.00

Pivot

16509.00

Our preference

Short positions below 16509.00 with targets at 16350.00 & 16270.00 in extension.

Alternative scenario

Above 16509.00 look for further upside with 16570.00 & 16630.00 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

16630.00

16570.00

16509.00

16406.30 Last

16350.00

16270.00

16200.00

Number of asterisks represents the strength of support and resistance levels.
Beyond Technical AnalysisFundamental AnalysisTechnical Indicators

Penafian