Yesterday's session was fully dominated by bulls. They managed to grab the momentum taking Dax slightly above the resistance level of 12 330 that we highlighted yesterday. This zone functioned with a slight delay as the price corrected shortly after. The session was closed in black numbers priced 12 293.
Important zones
Resistance: 12 380
Support: 12 234, 12 200, 12 330
Statistics for today
Detailed statistics in the Statistical Application
The gap has 50 points and the statistical probability for closing is only 38%
Macroeconomic releases
London session - new Prime Minister of the United Kingdom will be announced. This might affect mainly GBP, EUR and potentially DAX too.
Today's session hypothesis
This morning started with an ascending gap. Sized 50 points, this one has a low probability for being closed as the statistics suggest the 38% rate chance from the historical occurrence. We can speculate to see rather a bullish domination. In such a scenario, we'll await the retest of 12 380 which could also function as the buyers target zone and the reversal level for sellers.
Important zones
Resistance: 12 380
Support: 12 234, 12 200, 12 330
Statistics for today
Detailed statistics in the Statistical Application
The gap has 50 points and the statistical probability for closing is only 38%
Macroeconomic releases
London session - new Prime Minister of the United Kingdom will be announced. This might affect mainly GBP, EUR and potentially DAX too.
Today's session hypothesis
This morning started with an ascending gap. Sized 50 points, this one has a low probability for being closed as the statistics suggest the 38% rate chance from the historical occurrence. We can speculate to see rather a bullish domination. In such a scenario, we'll await the retest of 12 380 which could also function as the buyers target zone and the reversal level for sellers.