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 22/02
On Thursday’s session, the market opened up with a gap, however, during the day it was closed, eventually the result of the session was -0.07%. We also got to know the business climate in Germany, this fell to 115.4 from 117.6 points.
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Among the components of the DAX index, the best result was recorded by Pro Sieben, which gained 3.40% and Henkel & Co by 2.40%. The worst performers were Deutsche Telekom falling 2.37% and Deutsche Bank was down 0.99%.
DAX Intraday
During yesterday’s session market managed to defend the level of 12,300, which was crucial for bulls and then during the day the market moved up by almost 200 pips and once again did not cope with 12,500. Today, due to the opening with a gap, the mentioned resistance has been beaten, but it may be a gift for bears who will want to return to the range.
If the price breaches daily maxima it will be a clear incentive to compete for higher levels and the defeating of 12 400 will put into question the attempt to continue the rebound.
