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 04/06/2018
Another bullish session in June, the index gained 0.37%, but it did not manage to permanently defeat 12,800 points. Wall Street did well on Monday, where the SP500 reached new 2-month highs and Nasdaq touched historical peaks. In Euroland, Sentix confidence index dropped to 9.3pts from 19.2 a month earlier in June.
Among the components of the DAX index, the best result was recorded by Deutsche Lufthansa, which gained 2.13% and RWE increased by 2.05%. The worst performer was Merck, falling 3.73% and BAYER was below 0.62%.
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Yesterday’s bullish attack was not maintained until the end of the session and the downward trend line extended on May tops keeps the market in check. Today, the quotes start at a neutral point and after 9:00 the price falls below the point of interest, which suggests that in the near future it may be testing yesterday’s low.