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.


The German index during the Wednesday’s session was characterized by considerable volatility, testing the level of 13,150 points, then again reflecting. During today’s trade, 13,250 should work as an important resistance. Wednesday’s session finally ended at 13183.96 (-0.47%), which is the lowest level since January 4. The index was not able to maintain its initial profits when the bears took control.

The downward scenario assumes a possible test of round 13,000, but the quotes should not fall below. In the longer term, analysts expect a test of 13,350 or even 15,000 points.

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Thursday’s session opened with a growth gap and a return over 13200, allowing for a positive start of the session. Will the volatility of the last two days be maintained? Today, the calendar will lack more important publications for the euro zone, so everything will depend on market forces:

The intraday chart confirms, however, that the support zone will fall in the vicinity of 13150, while at the opening of the trading day the index was at the daily pivot , short-term resistance falls on 13250 and its defeat will allow us to think about a more dynamic appreciation (the level supports 23.6% of Fibonacci’s abolition).

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