DAX is one of the most popular indexes in the world. It is listed on the Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives many trading opportunities.
Session Summary 08.05.2017
As awaited, after the expected win of Macron’s moderate candidate in the French election, investors began to make profits. DAX index lost 0.18% yesterday, the S&P 500 did not change its value, and today the Nikkei closed -0.26% in the morning.
The DAX index has reversed from historical maxima, and the nearest support level is around 12600 points. In turn, the level of resistance is located in the vicinity of historical maxima 12800 points.
DAX Intraday
DAX index from the beginning of the session shyly goes up. Breaking the pivot point around 12750 pts will let a move towards the round 12800 points. In turn breaking of today’s minima near 12700 points will open the way to S1 at around 12615 points.
