The Dax is continuously moving up, even gaps are not being closed, which is not something we are used to. Moreover, the daily ranges are below average, which is not good as Dax is popular for being a volatile market. Today we are opening with another long gap.

Important zones

Resistance: 12 461
Support: 12 259, 12 379

Statistics for today

Detailed statistics in the Statistical Application

Macroeconomic releases

13:45 CET - EUR - Main Reference rate!

Today's session hypothesis

Even though it is not very common these days, we anticipate a move down towards the closing price of yesterday. This price can also serve as a support level , where we might find buyers and move towards the resistance at 12 461. If we move below the support at 12 379 we are probably going to slow down and close in the range of Wednesday. At 13:45 is an EU reference rate announcement be aware at this time! - funding for serious traders
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