Dax Intraday: caution.

Pivot: 21290.00

Our preference: long positions above 21290.00 with targets at 22035.00 & 22355.00 in extension.

Alternative scenario: below 21290.00 look for further downside with 20990.00 & 20700.00 as targets.

Comment: investors have to remain cautious since these levels may trigger profit taking.

Supports and resistances:

22740.00

22355.00

22035.00

21771.20 Last

21290.00

20990.00

20700.00