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 15/05/2018

DAX index third day remains in consolidation range, yesterday it fell by only 0.06%. Preliminary GDP data were lower than predicted 0.3% vs. 0.4% may affect the final lower reading of the domestic product in Germany. Also, the ZEW sentiment is not optimistic, for the second month in a row it remains under the line (-8.2).
Among the components of the DAX index, the best result was recorded by Commerzbank, which gained 3.87% and Volkswagen increased by 1.28%. The worst performers were ThyssenKrupp, down 6.06%, and Deutsche Bank was down 1.66%.

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.

Check the SwipeStox offer right now!

DAX Intraday

Yesterday’s level S1 proved to be a good moment for going long, the point 12 925 twice prevented a deeper correction. Today’s opening was nearly 13,000 points, quite neutral but above the direction point. A thoughtful demand attack should lead to an upper consolidation limitation test of 13,030 and above.

Leave us a comment!