Dax (Eurex) (M5) Intraday: intraday support around 23400.00.

Pivot: 23400.00

Our preference: long positions above 23400.00 with targets at 23670.00 & 23785.00 in extension.

Alternative scenario: below 23400.00 look for further downside with 23260.00 & 23149.00 as targets.

Comment: a support base at 23400.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

23891.00

23785.00

23670.00

23522.00 Last

23400.00

23260.00

23149.00