DAX is one of the most popular indexes in the world. It is listed on Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives many trading opportunities.
Session Summary 12.04.2017
Risk aversion in equity markets remains. The geopolitical risks associated with Syria and North Korea keep investors from buying risky assets such as stocks and market turns to “safe Heaven” such as gold and Japanese yen. The declines on stock market is not too big, DAX yesterday managed to achieve a small gain of 0.13%, S&P 500 index fell 0.38% yesterday and the Nikkei index was down -0.75% today.
The DAX index fell below support levels around 12200 points. The next level of support is in the vicinity of round 12000 points .
DAX Intraday
DAX index after opening of the futures market was unable to break the pivot point near 12160 points, suggesting a downward move to the S1 around 12080 points. However, if index manages to break the pivot point it could head for 12200 points.
