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 ample of trading opportunity

Summary session 12.12.2016

After yesterday’s slight correction on Frankfurt Stock Exchange we go back to gains. Today should be a reasonably calm trading session. Investors are waiting for tomorrow’s Federal Reserve decision. Market has no doubt that the Fed will raise interest rates but more important is the message after the meeting.

DAX remained in the vicinity of an important level of 11,200 points and today broke the area which suggests movement toward 11400 points.

More technical analysis from Admiral Markets

DAX Intraday

DAX broke at the beginning of the session pivot level and 11200 points. Currently is fighting for break resistance R1 in the vicinity of 11225 pts which will open the way to R2 in the vicinity of 1185 points.