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 23/04/2018
After two days of declines, the DAX index increased by 0.25%, the beginning of the session, however, did not indicate it, because then the session minimums in the area of 12,500 points were noted. Better PMI data from Germany, both from analysts’ predictions and previous readings, supported rebound.
Among the components of the DAX index, the best result was recorded by Commerzbank, which gained 2.94% and Munchener Ruck increased by 1.63%. The worst performers were Fresenius, down 4.19%, and Volkswagen was below 0.97%.
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DAX Intraday
The level of 12,500 resisted during Monday’s session, despite the fact that the sellers had thrown all their strength to attack that level. The German DAX is still t dealing better than Wall Street, where the season of publishing results of US companies effectively disrupts the image of the market.
On the opening DAX we saw a bullish gap and the course was on the 2-day peaks, the exit from the bearish channel became a fact. The first local resistance at R1 – 12,625, the focal point at 12,550 and support on the gap.
