Yesterday's session started with an ascending move where buyers were filling up the volume gaps of the previous day. Following was the retest of 13 000 but as we saw, there was a breakout below with a consecutive retracement back into safe territory. There appears to be no interest in those lower prices and Dax reversed to close higher at 13 050.

Important zones

Resistance: 13 297, 13 130
Support: 13 000 - to be understood as a wider band

Statistics for today

Detailed statistics in the Statistical Application

Macroeconomic releases

09:15 - 10:00 CET - Eurozone PMIs

Today's session hypothesis

Wednesday's session starts with a slow downward move. It is likely that Dax will behave similarly to yesterday' price development and going below 13 000. We expect the activity to hold between 12 950 and 13 080. If we bounce off 13 000 upwards, buyers will face the first resistance at 13 130 which relatively far away. - funding for serious traders


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