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 18/12/2017
Monday’s session on the German DAX index was very successful for shareholders, quotes increased by 1.59% and this was the second, growing session in a row. The high opening already suggested that we could deal with the game “to one goal” and a moment later the exit above 13 250 confirmed such a scenario.
Among the components of the DAX index, the best result was recorded by Deutsche Bank, which gained 3.39% and RWE AG by 3.36%. The worst performer was the Deutsche Boerse company which dropped only 0.10%.
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DAX Intraday
DAX reached the far-fought resistance pivot R3 yesterday and remained above until the end of the day at 10:00 PM, such situation occurs in less than 10% of cases (sessions). On the next day, the market usually breaks higher and a major support at least at the beginning will be the 13,275 directional point.
After 9:00 am, DAX defends the level of 13,300 points
DAX Longterm
Market reached the monthly maximum and was highest from October 10 and is now facing a long bearish body . The top of this candle is not accidentally in the area of 13,400, which is a very important resistance
