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 20.03.2017
Yesterday we had quite a quiet session due to empty calendar and day off in Tokyo. DAX Index ended session slightly down at -0.35%, while the S & P500 was down -0.20%.
However, DAX index is still above 12000 points, suggesting a move up to the next resistance level of 12200 points.
DAX Intraday
After opening the futures market, DAX index moved north to breach R1 at around 12075 points, suggesting a move towards R2 near 12100 points. In turn, breaking pivot point around 12050 points will open way to S1 12020 points.
