Summary of the session 22/08/2018
Quotations of the German DAX index during yesterday did not really change at all, the price only increased by 0.01%. The rate reached the high around 12438.66, while the minimums were set at 12345.32. The buyers were able to break the maximum from the previous session, however, the closure took place under resistance at 12430.
Today, quotes are moving in the range from yesterday’s session. The course is now trapped between the resistance at 12430 and the support provided by the trend line running from Tuesday’s lows.
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If the buyers finally successfully overcome the resistance at 12430, they will open their way to a round level of 12,500. Alternatively, the influx of sell offers and the breakdown of support in the form of a trend line will open the way to the key defence level at 12300.
Today’s levels of Pivot:
R3 = 12,527.80
R2 = 12.483.23
R1 = 12.434.46
P.P = 12,389.89
S1 = 12.341.22
S2 = 12.296.55
S3 = 12.247.78