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.
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.
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