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 variability that gives many trading opportunities.


Summary of the session 04/12/2017

Monday’s session on the German DAX brought a solid increase of 1.54%, which was also due to the low base from Friday, when the index made a strong return to the south, but defended the session minimum. It therefore confirmed that the first session of the week is also very interesting.

Among the components, the best result was recorded by Deutsche Lufthansa, which gained 1.35% and Pro Sieben increased by 0.11%. The worst performers were ThyssenKrupp, which fell 2.94% and Infineon Technologies minus 2.91%.

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DAX Intraday

Yesterday’s strong opening in the form of a bullish gap, met with an attempt to close it, but market failed to do it until the end of the session. Therefore, the buy order at 12,940 wasn’t activated. Today, the price once again opens above the directional point and therefore there is a greater likelihood of continuing growth, or at least rebound from 13,035. The level from yesterday 12,940, is still valid.

DAX Longterm

The level of the monthly pivot is higher than in November, which means that bulls will have a more difficult task if the upward trend is to continue. Not far away is resistance 13 140 resulting from equality of corrections (1: 1).

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