DAX is one of the most popular indexes in the world. It is listed on the Frankfurt Stock Exchange. Virtually daily there is a very large volatility that gives many trading opportunities.


Summary of the session 01/03/2018

The beginning of March on the German trading floor was fatal to the holders of long positions, on the main index the penalty was -1.97%. A similar situation took place a month ago, when the DAX dropped over 250 pips, beating an important low resulting in a sell-of reaching level of 12,000 points.

Among the components of the DAX index there was no company that ended the session on the plus. The worst result was the drop of Beiersdorf by 4.48%, and Adidas AG was under 3.56%. The SP500 index on Wall Street dropped -1.24% after Donald Trump announced the imposition of duties on aluminium and steel.

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DAX Intraday

After several calm trading sessions, there has been a recovery, volatility has increased again, Pivot levels are strongly expanded today. The Friday session starts again under the directional point, which is why there is a greater chance of continuing the downward trend.
Only a stronger breakout above 12 150 points would temporarily warm up the atmosphere on the market. Looking down the level of 12,000 points is a strong bastion of bulls, already tested on 9 February, yesterday in the absence of European players, the decline was stopped there.

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