DAX is one of the most popular indexes in the world. It is listed on the Frankfurt Stock Exchange. Virtually daily there is a very large volatility that gives many trading opportunities.
Summary of the session 13/03/2018
Tuesday’s session was unlucky for German shares holders, index DAX lost 1.59% and fell under 12,200 points, with a much better attitude of Americans. The March contract series expires, and there are players who only trade during this period, so volatility can remain elevated.
Among the components of the DAX index, the best result was recorded by E.ON, which gained as much as 9.84%, while RWE increased by 5.70%. The worst came Pro Sieben which drops 4.56% and Linde was down 2.26%.
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After yesterday’s strong sell off, the bulls made a counter-attack, the opening came with a small gap. A growth without “jerks” lead the index up, so that after 9:00 am we managed to lead the test of the directional point from the bottom. Usually in such moments we should see going down. The first local support is found only about 12k points.
It is worth noting that the 300-pct fall on the Tuesday’s session corresponds well with the slipping of 6-7 March, then the designated low at the beginning of the session has not been defeated to this day (marked with a blue rectangle on the chart).