Both buyers and sellers could take good advantage of Friday's session. Dax first headed upwards and stopped at 12 330 where the price sharply reversed. Bears were held down at 12 200, slightly below our mentioned support zone. The session ended near its open priced 12 227.
Important zones
Resistance: 12 330, 12 380
Support: 12 234, 12 200
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Today's session was opened at Friday's close, without any surprise gap. Dax is now edging at the S/R zone at 12 234 and this might be the deciding factor for today's direction estimation. Should sellers dominate right away, the logical target lays as a support level around 12 200. Very straight forward, if buyers are stronger from the beginning, the path is open all the way back to 12 329. Mondays are generally calm from the volatility perspective and same is expected for today as well.
Important zones
Resistance: 12 330, 12 380
Support: 12 234, 12 200
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Today's session was opened at Friday's close, without any surprise gap. Dax is now edging at the S/R zone at 12 234 and this might be the deciding factor for today's direction estimation. Should sellers dominate right away, the logical target lays as a support level around 12 200. Very straight forward, if buyers are stronger from the beginning, the path is open all the way back to 12 329. Mondays are generally calm from the volatility perspective and same is expected for today as well.