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 14/03/2018
Wednesday’s session gave a bit of breath to the bulls, the DAX index increased by only 0.14%, but during the session the increases were bigger, so that they canceled almost 61.8% of the Tuesday sell off. Rolling up the position for the next series, the highest turnover still on the March contract, you can see a slight discount compared to the June series.
Among the components of the DAX index, the best result was recorded by Adidas, which gained 11.18% and RWE by 4.43%. The worst performers of Commerzbank were 1.79% and Linde was down 1.00%.
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DAX Intraday
The increases after the end of yesterday’s regular session are continuing at the start today, the area of 12,200 will be an important benchmark for the increase today. Fifty points higher is the directional point, so the upward movement in the initial phase of the session is more likely.
Quotations are in the resistance range between 50% and 61.8% of Tuesday’s session, which may quench the enthusiasm for continuing the growth. The local resistance point R1 coincides with the lifting at 12,330, there I would see the moment to take a short position.
