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 January 23, 2018
A good run on the German DAX index is on, which rose on Tuesday by 0.71% and this was the fourth consecutive growth session. The volume accompanying the breaking of historical peaks was lower than the average, and the number of open positions on the futures contract dropped as well.
Among the components of the DAX index, the best result was recorded by BAYER AG, which gained 3.31% and Fresenius increased by 2.83%. The worst performers of Bayerische Motoren Werke were 1.02% and Volkswagen lost 0.66%.
Naga Markets is an investment company licensed by CySEC, offering access to SwipeStox, a social app for traders, where they can share their trading ideas about Forex, stock indices and CFD’s thanks to simple professional investors’ transaction mirroring.
DAX Intraday
Yesterday’s high opening did not allow the bulls to triumph too long and around midday the market moved back to opening levels, which I mentioned in yesterday’s entry. In the following hours quotations began to form a triangle, remaining above 13,500 points.
Today, the opening was neutral, only breaking 13,575 will give hope to further move north, otherwise we can see the test of yesterday’s lows. The first local support at the bottom line of the upward trend and further 13 520, resistance near 13,600.
