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 23/02/2018
Friday’s session ended with a slight increase of 0.18% and throughout the week the DAX index shifted up by only 0.26%, so we have sideways moves with a slight upward slope. Interestingly, during the last two days a larger volume has come to the market, which may be in favor of stock bulls. The situation on Wall Street looks much better, with Dow picking up 350 points last week.
Among the components of the DAX index, the best result was recorded by E.ON, which gained 3.78% and Deutsche Telekom increased by 3.28%. The worst performers were Deutsche Lufthansa, which fell 2.13% and Commerzbank was down 1.46%.
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DAX Intraday
Friday’s attack on 12,500 was upheld, and the bulls allowed themselves to descend only to the closing price and thus to cover the growth gap, today the situation in the morning looks similar (defense of the gap). Quotations are at the first local resistance of 12,580 and higher because of 12,630 (the average of 200-sessions), it will be a real test for buyers.
12,540 and later 12,500 where the point of interest (DP) is located will be important for maintaining the growth.
