DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Every day there is very high volatility which gives a lot of trading opportunity
Summary of session 28.11.2016
On the European markets is a quite cautious atmosphere. The reason is tomorrow’s OPEC summit, which is to be decided to cuts of production. In addition, on Sunday will be a referendum in Italy on constitutional changes, which also worries investors.
DAX index last week was unable to break the 10,700 point level., and yesterday fell below 10600 points. The nearest support level is at around 10500 points.
More technical analysis from Admiral Markets
DAX Intraday
DAX didn’t chose yet clear direction. After yesterday’s stronger declines today we have a slight rebound. Breaking pivot point in the vicinity of 10600 points should open the way to the resistance R1 in the vicinity of 10640 points.
Key data for DAX
- 14:00 – Consumer inflation in Germany
- 14:30 – Gross Domestic Product, rev. in USA
