EUREX:FDAX1!   DAX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
Yesterday's session met our expectations. We've had a very high probability for breaking Friday's low, which eventually happened. Dax was steadily in a slight downtrend for the whole session and the price closed near the support level of 12 219. Today, Dax opened below this zone with a descending gap.

Important zones

Resistance: 12 230
Support: 12 191, 12 120

Statistics for today

Detailed statistics in the Statistical Application

Macroeconomic releases

NIL

Today's session hypothesis

Today we expect the entrance of buyers right at 12 191, which is now being retested. We target closing the gap too. If there are no buyers at 12 191, the momentum could escalate towards 12 120. Should the market participants stay within yesterday's range, the price action is likely to slow down or oscillate within that range.
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