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 on 25/01/2018
Thursday’s session on the DAX index fell under the sign of declines, the market collapsed during the session by 0.87%, with the good attitude of the Americans where the SP500 index increased. Interestingly, the session in the EU proceeded with the increased activity of investors both on the side of newly opened positions and the volume of trading.
Among the components of the DAX index, the best result was recorded by Linde, which gained 2.41% and Commerzbank increase by 1.44%. The worst performers were Deutsche Post AG, which fell 2.88% and Henkel lost 1.78%.
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At yesterday’s session, the market fell under the 200-hour average and then tested it from below, and today bulls have a problem because bearish investors want to make use of it and from the early morning DAX index maintains downward pressure.
After 9:00 the market returns to 13,300, the first support around yesterday’s “low”, slightly below round 13,200. The pressure of sellers should be visible when reaching 13,320, in the case of upward movement it will be the first barrier. Overcoming resistance can open the way to zone 13 400-13 425.