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 27/03/2018
Tuesday’s session on the DAX index brought an increase of 1.56% due to the low base and the gap at the opening, while the futures contract in the US ended on minus. The bulls were not able to maintain more than 12,000 points for a longer period, but breaking the last confirmed peak at 11,985 should be counted on plus.
Among the components of the DAX index, the best result was recorded by Deutsche Boerse, which gained 3.45% and Infineon Technologies by 3.07%. The weakest was Comerzbank, dropping 0.40%, it was the only company that ended in red.
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DAX Intraday
Quotes at yesterday’s session were most of the time on black, but in the last hour DAX dived dangerously approaching weekly lows. This deep descent outside the regular session can be used to buy during today’s session, but for now the falls have been picked up at the daily Pivot point.
The first local support was only in the area of candle wicks from Monday, ie 11 760. Alternatively, the activation of demand and the exit above 11 900 should lead at least to re-test 12k points.
