DAX is one of the most popular indexes in the world. It is listed on the Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives many trading opportunities.
Session Summary 20.04.2017
Yesterday’s mood was better in the stock markets, mostly in USA. Donald Trump’s announcement of rapid changes in tax system and good results of the companies made investors bullish on Wall Street. DAX index rose yesterday by 0.09%, much better was S&P500 +0.76%. The Japanese Nikkei index, which closed above 1% in the morning, climbed strongly. DAX is actually over resistance level 12000 pts. which can sugest move to 12200 pts.
DAX index after opening of the cash session is maintained above the pivot point at around 12015 pts. Crossing over today’s maxima around 12060 points will move it towards the R1 resistance near 12085 points.