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 30/01/2018
Yesterday’s session brought a drop in the DAX index by 0.95% on a fairly solid volume, closing the day was below 13,200 points, which means the deepening of the minimums from Thursday, 25 January. The bearish trail was also seen on SP500 and today the last session of the month, so possible window dressing.
Among the components of the DAX index, the best result was recorded by Henkel, which gained 0.63% and Fresenius Medical by 0.61%. The worst performers were Deutsche Bank, which fell 4.47% and RWE down 3.66%.
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Wednesday’s session started quite neutral, but over 13,200 points and DAX moves more strongly after 9:00. The first local resistance is at level of 13 275 points, where many offers may come, in the case of losing session minima (LOD), we can see drops up to 13,140.
On a daily basis, the index quotes reached the monthly R1 pivot, this time testing it from the bottom, a similar situation took place in mid-January, when an attack on the historic high was brought out. Still possible is a rushing correction after the impulse from the first week of the year.