DAX is one of the most popular indexes in the world. It is listed on Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives many trading opportunities.
Session Summary 21.04.2017
Macron’s victory over Le Pen in first round of presidential election has been very appealing to investors. We must admit that even the end of last week closed in slightly better moods, as if the markets were predicting this scenario in France. DAX ended Friday on 0.18% gain, slightly down was S&P 500 with -0.3%, and today the Nikkei closed up 1.45% in the morning.
DAX index remained above 12,000 points last week, today it opened up with a bullish gap breaking resistance level of 12200 points. It opens way to historical maxima around 12400 points.
DAX Intraday
DAX index opened up with a big bullish gap after opening of the futures market and the nearest resistance is the historical high near 12400 pts. In turn, the level of support is 12200 points.
Key data for the DAX index
10:00 – Ifo Institute Index
