Monday’s session was marked by uncertainty. On the one hand, there was uncertainty about reaction of the markets to the elections in Greece, which was won by Siriza. On the other hand gains on Chinese market and uncertainty about stocks in US.

Finally after before noon uncertainty bulls took control. American index S&P500 gained almost 1% with lower EURUSD price. It helped to reaction in Europe and German indices ended mostly with small gains. DAX +0,33%, MDAX +0,66%, SDAX +0,16%, TECDAX -0,76%. 24 out of 30 DAX companies gained, the most: Merck +3,70%, Fresenius Medical +3,41%. Volkswagen fell down 11,17%, that was reaction for confessing by company of manipulating in US pollution control. It is not so bad anyway, in the worst moment VW lost more than 20% of value.

Rebound on Monday happened on support at 9,780 pts, which I mentioned earlier. The closest levels today will be similar to yesterday’s. The closest resistance is at 10,050-10,080 area, this is the direction of index during this session, the closest support is at 9,970. It is worth noticing, that yesterday’s session didn’t had big volume, so it is hard to speak about reversal of the trend. There should be gains in the beginning of the session thanks to gains in Chinese stocks and loss of EURUSD.

2015-09-22_podsumowanie_sesji_PN_FDAX_H1-1024x622
DAX futures
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