DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Every day there is very high volatility which gives a lot of trading opportunity.

Summary session 11/18/2016

In the markets in Europe, there is moderate optimism. Investors are convinced that the Fed will raise interest rates at its December meeting. On the other hand, investors expect from the new administration in the United States an additional fiscal stimulus. In addition, from early morning are rising oil prices due to the fact that the OPEC countries are getting closer to an agreement on cutting production, but it is not known whether this are not just misleading news.

DAX cannot defeat resistance level at area of 10700 what can predict deepening of bearish correction.

DAX Intraday

DAX broke the pivot point level in the vicinity of 10700 points and after a small correction returns back to the declines. The next level of support is in the vicinity of a local low at 10650 pts., and another 10620 points.

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Key data for DAX

17:00 – Public speech of ECB chief (Mario Draghi)