Summary of the session 19.01.2018

The last session of the past week ended with a solid increase of 1.15% with higher stock market volume. The DAX index broke this year’s high at 13,419 and is heading towards historical record of 13,527 points.

Among the components of the DAX index, the best result was recorded by Adidas AG, which gained 6.90% and ThyssenKrupp AG increased by 4.45%. The worst performers were Merck, which fell 0.51% and Linde AG lost 0.37%.

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DAX Intraday

On Monday’s opening high levels are maintained, only the increase made after the closing of the European session has been abolished, and the index is still trading above 13,400 and daily level of Pivot. In case of a breakdown to the Friday consolidation area, it would be a good moment for long positions, where the trend line is also running.
In such a strong upward trend, resistance should be sought only in the vicinity of historical peaks, ie 13.527-1330, it is likely that the market will be directed there during the next sessions.

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