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.


After two bullish sessions came time for declines on the German trading floor, the DAX index fell by 0.83%, investors are afraid of the conflict on the US-Russia line, it is worth following the Twitter entries of Donald Trump on this issue. The market closed the growth gap after it went below 12,340 and the day ended around the session minimum.

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Among the components of the DAX index, the best result was recorded by Deutsche Telekom, which gained 2.18% and Volkswagen increased by 0.92%. The worst came the Commerzbank company, falling by 2.65%, followed by Deutsche Boerse AG, which lost 2.58%.

DAX Intraday

Yesterday’s session did not trigger a dynamic move, however, it already emphasized the willingness to fall after a rise at the turn of March and April. After 9:00 the market is under the directional point (12,310) and turns to yesterday’s minimum, such pressure already in the morning suggests the possibility of descending to local support at 12,230.

If DAX spends too much time in this place, a game can begin to set a double low with a potential target of 12,360, but still more likely are drops every time price reaches the DP.

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