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 04/01/2018

The Thursday session in Frankfurt was very successful for stockholders, the main DAX index gained 1.46% on increasing volume, and the number of open positions on the contract is also going up. The last such a good session took place on December 18, after which the market was reversed from 13,300.

Among the components of the DAX index, the best result was recorded by Linde, which gained 3.07% and Siemens AG increased by 2.73%. The worst performers were: Deutsche Lufthansa, 0.58%, and Vonovia, minus 0.19%.

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Yesterday, for the first hour of trading, we managed to move the market by 80 points, and as I mentioned in yesterday’s commentary, this was not the end and the market went higher by another 80 points reaching 13,200 and R3. Today, the situation looks similar, in the morning, before important US data, both DAX and SP500 indexes grow (with the fact that the first one shortens the distance).


After 9:00 am, 13,250 and R1 resistance is indicated for some detention, however 13,333 is the biggest challenge for bulls, probably there are many defensive orders – stop loss.

 

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