DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives ample of trading opportunity.
Summary session 02.06.2017
On Monday weak mood continued to dominate on the markets due to the upcoming interest rate hikes in the US and confusion surrounding the presidential elections in France. Right-wing candidate Francois Fillon is accused of fictitious hiring his family for public money. This type of affair helps controversial National Front candidate Marine Le Pen, who supports leaving France from EU.
DAX halted yesterday on support in the vicinity of 11900 pts., Which can be a good sign, but it will be re-break of resistance around 12,000 points that will allow a stronger upward movement.
DAX Intraday
The index is between the pivot point in the vicinity of 11960 points and R1 close to 12,000 points. Breaking R1 will make DAX move in the direction of R2 11950 points. In turn falling below the pivot point 1,960 points probably will mean a drop to S1 in okolicah 11915 points.
