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 13/12/2017

Wednesday’s session wasn’t successful for German shares holders, the main DAX stock index fell by 0.46% with a good US market stance, where the SP500 drawn bull market records.

Among the components of the DAX index, the best result was recorded by ThyssenKrupp AG, which gained 1.92%, while Pro Sieben increased by 1.30%. The worst performers were RWE AG (- 13.06%) and shares of E.ON AG minus 4.92%.

 

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DAX Intraday

Thursday’s opening falls below the directional point, so there is a greater probability of declines and continuation of move after the closing of the regular session in Frankfurt. In the case of upward movement, a good moment to sell is 13,110 and above 13,150, from the bottom there will traditionally be a level of support 13,000 points.

DAX Longterm

At yesterday’s session in the morning, after some confusion, the market managed to break above the November highs, but in the afternoon the market decided to go south. The long lower shadow of the pinbar candle was defended. We are constantly moving within the bullish gap.

 

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