Tuesday’s session was very successful for German indices. Not only DAX gained, but also many stocks in whole Europe. French CAC40 +0.95%, British FTSE100 +0.43%, Polish WIG20 +0.70%.
Yesterday’s gains were a little out of reality because all American indices lost a little value. EURUSD was raising and that normally don’t help European bulls. In the evening people waited for words from ECB chair. Mario Draghi was talking about culture and art, he didn’t mentioned European economics at all, so it didn’t have impact on stocks.
All German indices grea yesterday: DAX +0.90%, MDAX +0.73%, SDAX +0.67%, TECDAX +0.29%. 24 out of 30 companies in DAX index gained, 5 lost and 1 didn’t change value. Car companies grew the most: Volkswagen +3.82%, Daimler +2.50%, BMW +1.29%. The strongest decreases: RWE -1.87%, Fresenius SE -0.70%. If you are interested in investing on indices like DAX30, try free FxGrow account.
On DAX index for third time in a row bullish daily candle, but volume is the lowest since September 14th. Bulls went above 9,780 pts resistance and managed to stay there. Supports and resistances on DAX FUTURE H1. Resistances: 9,970-10,010 pts. Supports: 9,500, 9,710, 9,880 pts.
