November started from decreases on Asian markets. Chinese stocks dropped more than 1.5% and Japanese Nikkei -2.1%. It influenced low opening in Germany. Session started with 100 pts bearish gap and bulls used it to buy. An hour later economic data helped bulls. PMI for Germany and Eurozone was better than expected. American session also started with gains broke psychological level of 2,100 pts and came back to levels where it was two months ago.
All German indices ended day with gains: DAX +0.93%, MDAX +0.55%, SDAX +0.77%, TECDAX +1.28%. 26 out of 30 DAX companies had profit, the biggest Commerzbank +6.59%, RWE +3.95%, Volkswagen +3.11%. 4 companies decreased, the most Adidas -0.92%.
On Monday DAX futures touched 11,000 pts. If this level will be broken, price can go all the way to 11,200 pts. If there will be rebound, the closest supports are at 11,900, 10,850, 10,740 and 10,600 pts.
