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 11.04.2017
Tuesday was dominated by risk-off climate on the stock markets due to geopolitical threats, the involvement of Americans in Syria and elections in France. The DAX index lost 0.5% yesterday, slightly better was S & P 500, which ended the session with only -0.1%. The Japanese Nikkei index recorded the biggest loss of -1.04%, which is due to the strengthening of the Japanese yen.
The DAX index dived yesterday to around 12000 points. For now, this support has been defended, which is a good sign for bulls. In turn, the nearest level of resistance is around 12200 points, the breakthrough of which will allow DAX to move towards historical maxima near 12400 points, but the climate in the markets must be a little calmer.
DAX Intraday
The DAX index is gaining momentum after the opening of the futures market. The nearest level of resistance is around 12200 points, which will allow to move towards R1 near 12250 points. In turn breaking the pivot point around 12150 points, will open the path to S1 12080 points.
