Dax (Eurex) (Z5) Intraday: bullish bias above 24210.

Pivot: 24210

Our preference: long positions above 24210 with targets at 24510 & 24630 in extension.

Alternative scenario: below 24210 look for further downside with 24100 & 23940 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

24810

24630

24510

24347 Last

24210

24100

23940