First session after Christmas ended with decreases of all German indices. Before you start to have some conclusions about it, you have to notice that there was completely no macro data yesterday, no British investors because of holidays and no movement on major pairs. Oil dropped quite strong, EURUSD slightly gained and US stocks depreciated a little. There is big probability that all this week will be like this.

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German indices decreased slightly: DAX -0,69%, MDAX -0,57%, SDAX -0,5%, TECDAX -0,34%. Daily volume on DAX was the smallest this year. 27 out of 30 DAX companies lost some value, the most RWE -2.71%, ThyssenKrupp -2.45%, Volkswagen -1.41%. The biggest gain had Lufthansa +0.62%. The closest resistance: 10,800 pts. The closest supports: 10,650, 10,475, 10,400 pts.

2015-12-29_podsumowanie_sesji_PN_FDAX_M30-1024x481

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Author of worldtrader.pl blog and big supporter of technical analysis. Active medium-term trader. In his analysis uses classical charts, price action as well as harmonic patterns and Elliott Waves. In trading he always tries to take into account two points of market's view, in accordance with the principle that each transaction may be attractive both for the demand and supply traders.