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 session 12/12/2017

Yesterday’s session with two twelfths in the date ended positively for share holders with an increase of 0.46%. A candle with a long bottom wick closed the gap created three days ago, showing at the same time where the losers are.Today, investors expecting the Eurex stock market to open on time at 8:00 am were confused and people who leave their overnight positions might have even panic, because the object of interest in the morning did not move an inch. We could read such message on the official website: “The opening will be delayed, the exact start time is not known yet”. Eventually, the listings started at 8:50 after a 20-minute pre-trading period.

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DAX Intraday

After 9:00 on the 15 minutes candles a formation of the bull market appears, after visiting 13150 the course seems to charge at yesterday’s maximum. The equilibrium point is lower below the aforementioned level and the first local resistance is 13210.

DAX Longterm

The market defence by bulls has already occurred on the abolition of 38.2% Fibonacci from the last week’s impulse. Such a strong reaction puts into question the deepening of the downward correction and makes us look at higher levels in the context of the expiration of December contracts and the end of the calendar year.

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