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 15/02/2018
After a good Wednesday session, on Thursday the DAX index clearly had a break, gained only 0.06%. In contrast to its SP500 counterpart, which returns to the growth path and has already recovered over half of the declines, stopping only for a moment within 2700 points.
Among the components of the DAX index, the best result was recorded by Pro Sieben, which gained 1.58% and Henkel & Co by 1.52%. The worst performers were RWE AG, falling by 2.38%, and E.ON was down 1.19%.
Naga Markets is an investment company licensed by CySEC, offering access to SwipeStox, a social app for traders, where they can share their trading ideas about Forex, stock indices and CFD’s thanks to simple professional investors’ transaction mirroring.
Yesterday’s session the Pivot level at 12,300 points was defended, where was an upward rebound and at today’s session begun above the directional point, which means that yesterday’s session should be considered in the category of correction of the impulse.
After 9:00 the market “competes” with a circular level of 12400 with the growing accompaniment of the American market. The first local resistance is 12,460, i.e. yesterday’s peak, but first I expect test of the daily pivot.