DAX is one of the most popular indices in the world. It is noted on the Frankfurt Stock Exchange. Every day there is very high volatility which gives many trading opportunities.

Summary session 10/25/2016

Yesterday market sentiment was spoiled by depreciating oil by more than 1% and the mixed results of US companies. Investors are sceptical about earnings from across the Atlantic companies fearing the sixth consecutive quarter in which corporate profits will fall.

The index rebounded from the resistance level at around 1,800 points, and today continues attempt to break the zone in the area of 10700 points.dax30daily-18-696x357

DAX Intraday

Let’s see the situation on the intraday chart M15. Indexes broke at the beginning of the session the level of support at around 10750 points and a pivot point near the 10730 , suggesting a decrease in the area of 10700 – 10690 points.

More technical analysis from Admiral Markets

dax30m15-16-696x357

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