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 28/03/2018

Wednesday’s session was quite calm with a slightly rising trend, DAX once again reached 12k points and prepared a good base to break up. Yesterday we got to know the consumer climate measured by Gfk, which was better than in the previous month and is still close to the highs.

Among the components of the DAX index, the best result was recorded by Beiersdorf AG, which gained 3.52% and Merck increased by 2.52%. The weakest result was Infineon Technologies, down 4.01%, and Commerzbank was below 1.90%.

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DAX Intraday

A very important moment during yesterday’s session was breaking zone at 11 900- 11930, of course not without a battle. At the end of the session, the bulls were in a better situation, today the situation in the morning seems unchanged, slowly the rate approaches 12 thousand points (there also is grouped 38.2% of the abolition of the decline wave D1).


It is worth paying back for a high trading volume of over 130,000 contracts with a rather jerky market and an increasing NOP (number of open positions). Opening above the directonal point gives a better chance to approach resistance R1- 12 050 and higher, and it will be important to maintain 11,930.

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