As I expected Thursday’s session started with over 100 pts bullish gap and bulls tried to continue this trend. It was all way until worsening of moods on the futures in the US. In the same time DAX tested another resistance which is in 11,150-11,200 pts area. Eventually American indices get close to Wednesday’s close and with gains on EURUSD keeping increases on DAX is a great success of bulls.
All German indices ended with gains: DAX +1.14%, MDAX 0.62%, SDAX +0.36%, TECDAX +0.45%. 29 out of 30 DAX companies increased, one lost just a little. The biggest profits: Volkswagen +4.39% (now it broke 100 EUR resistance), Lufthansa +3.75%, E.ON +2.62%.
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Daily candle on DAX doesn’t look very nice but it wasn’t supported by big volume so it shouldn’t be a sign of change sentiment on this index. Today’s trading should be between support at 11,000 pts and resistance at 11,150-11,200 pts.
