DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Virtually every day there is very high volatility giving ample of trading opportunity.
Summary session 12/202016
Yesterday’s session ended gaining 0.33%. Yesterday’s terrorist attack in Germany did not affect the DAX index, which in consecutive session climbed up. There is optimism on stock markets in Europe, after the recent activities of the ECB, which extended the QE program. However closer and closer is coming holiday season, so liquidity is likely to be smaller and smaller and investors will realize profits what may result in a correction.
DAX index bounced off support around 11,400 points. and gradually moving toward resistance near 11,600 points.
DAX Intraday
DAX moves sideway with no clear direction. The closest support is located around pivot point 11440 points. After defending this level we should move towards resistance R1 close to 11,480 points.
