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 20/12/2017
The DAX index lost 1.11% on Wednesday’s session, bears crushed the opponent like Bayern Munich the Dortmund defensive in the first half of the German Cup yesterday.
Among the components of the DAX index, the best result was recorded by Linde, which gained 0.58% and TV Pro Sieben increased by 0.24%. The worst performers were SAP SE, dropping 2.08% and Henkel & Co minus 1.92%.
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DAX Intraday
Quotations once again reach the farthest Pivot level, therefore the volatility remains with us despite the end of the year. Due to the fact that the opening falls significantly below the todays directional point, one should look towards 13k points and lower to 12,975. A good test of yesterday’s bears strength will be 13,105 and a broken zone (marked in orange).
DAX Longterm
This is the second strong bearish candle after drawing a 1-month maximum, but a bit confusing are gaps in demand. At yesterday’s session, the monthly Pivot level was lost, now the minimum from15 December is the target.
