GER40 Intraday: key resistance at 18600.00.
May 8, 2024 09:10
GER40 (GER40)
55.6+0.30%
short positions below 18600.00 with targets at 18430.00 & 18380.00 in extension.
Pivot: 18600.00
Our preference: short positions below 18600.00 with targets at 18430.00 & 18380.00 in extension.
Alternative scenario: above 18600.00 look for further upside with 18670.00 & 18730.00 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
18730.00
18670.00
18600.00
18518.40 Last
18430.00
18380.00
18309.00
Our preference: short positions below 18600.00 with targets at 18430.00 & 18380.00 in extension.
Alternative scenario: above 18600.00 look for further upside with 18670.00 & 18730.00 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
18730.00
18670.00
18600.00
18518.40 Last
18430.00
18380.00
18309.00
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