Ransquawk

DAX is one of the most popular indexes in the world. It is listed on the Frankfurt Stock Exchange. Virtually daily there is a very large volatility that gives many trading opportunities.


Summary of the session 04/06/2018

Another bullish session in June, the index gained 0.37%, but it did not manage to permanently defeat 12,800 points. Wall Street did well on Monday, where the SP500 reached new 2-month highs and Nasdaq touched historical peaks. In Euroland, Sentix confidence index dropped to 9.3pts from 19.2 a month earlier in June.

Among the components of the DAX index, the best result was recorded by Deutsche Lufthansa, which gained 2.13% and RWE increased by 2.05%. The worst performer was Merck, falling 3.73% and BAYER was below 0.62%.

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DAX Intraday

Yesterday’s bullish attack was not maintained until the end of the session and the downward trend line extended on May tops keeps the market in check. Today, the quotes start at a neutral point and after 9:00 the price falls below the point of interest, which suggests that in the near future it may be testing yesterday’s low.


The stock bulls market would be supported by breaking the 12,800 points, then the formation of the head and shoulders wouldn’t be valid. Local resistance R1 at yesterday’s maxima – 12,840.

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