DAX is one of the most popular indexes in the world. It is listed on the Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives many trading opportunities.


Session Summary 29.11.2017

Wednesday DAX session was full of attractions. After a higher opening following the close of the cash market, the market jumped back again close to 13000 points. Session balance was + 0.02%.

The German CPI (Consumer Inflation) was also reported, which was in line with analyst expectations and amounted to 0.3%; A month earlier it was 0.0%.

DAX Intraday

Solid reaction at level 13175 appeared in the second part of the session, the market kept us waiting long enough and after all reached the target at 13070 which I mentioned in the last post.

Today the situation remains bearish at the opening, the market is unable to grow, the 200-hour average is an obstacle. The landmark for short positions is 13 090 and above 13100.  For long positions this will be a round figure 13000 points.

DAX Longterm

Looking from a broader perspective, once again the level of 13200 is too strong for buyers and its half of the decline from the peak of 13500. The range of 200 point consolidation can become a stop for several (consecutive) sessions.


 STO is a broker regulated by FCA and CySEC. It offers more than 300 financial instruments such as Forex, Indices, Oil, Stocks, Commodities and Bonds. STO clients have possibility to trade thanks to reliable MT4 and AFX FAST platforms. Check STO offer!

Error, group does not exist! Check your syntax! (ID: 3)