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 05/02/2018
Monday’s session ended badly for holders of German shares (but not only), the DAX index lost 0.76% during the regular session, while what happened in the last hour of trading on the futures contract is like “panic sell-off”. The huge sale brought prices to the level of September levels, so the increases from the last quarter were erased.
Among the components of the DAX index, the best result was recorded by Deutsche Boerse, which gained 2.45% and Infineon Technologies increased by 1.16%. The worst performers were Henkel falling 3.04% and Pro Sieben, lost 1.87%.
DAX Intraday
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Of course, such significant shifts were not without effect on the opening of the Tuesday session, players who did not close the position yesterday may now have a problem with “the margin call” which additionally creates a supply overhang, similarly on the stock market. It may be comforting that blood that has spilled is usually the final stage of panic.
After 9:00 the quotations are approaching the DP point at 12.360, where the decision on further direction should be made. Trading below 12,590 took place at a very low volume compared to the entire yesterday’s session, which often takes place in such dynamic moves, it is worth waiting for the place where the price “shelf” will be created to check what level of interest the big players will be interested in.
