Friday's session happened to be a very positive one for bull traders. As expected, Dax reached the 12 344 level, however, this didn't function as resistance at all. Buyers were strong enough to touch 12 397 and the session was closed near this level. Closing the week on a weekly high is certainly a good signal for buyers.
Important zones
Resistance: 12 601
Support: 12 391
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
This new week and month have started quite unusually for Dax. We hardly see an ascending gap sized 174 points. The statistical application also doesn't count with such extreme value, hence not giving any historical reading. Considering the gap of such size (probably caused by the G20 outcomes), it is normally very common that we see a directional continuation hence it is likely that today's session might see even higher levels. On Mondays, however, the moves are not so prudent with volatility being slower than usual.
Important zones
Resistance: 12 601
Support: 12 391
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
This new week and month have started quite unusually for Dax. We hardly see an ascending gap sized 174 points. The statistical application also doesn't count with such extreme value, hence not giving any historical reading. Considering the gap of such size (probably caused by the G20 outcomes), it is normally very common that we see a directional continuation hence it is likely that today's session might see even higher levels. On Mondays, however, the moves are not so prudent with volatility being slower than usual.