DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Virtually every day there is a very high volatility giving ample of trading opportunity.
Summary session 24.01.2017
Very good mood prevailed yesterday on the stock markets. DAX Index gained 0.42% yesterday, the S&P 500 set a new historic peak gaining 0.66% and Nikkei closed today in the morning gaining 1.45%. Investors liked the judgement of the Supreme Court, which ruled that the government Theresa May needs parliamentary approval on leaving the UK from the EU.
DAX moved far north coming under the support of 11650 points. However, only breaking of this level will move towards another area close to 11800 points.
Already at the opening of the futures market we have a bull sentiment. Index broke the 11,650 point level. and 11670 points. Breaking the R1 level opens the way for R2 in the vicinity of 11710 points. and R3 11770 points.
Key data for DAX
10:00 – institute Ifo index