EUREX:FDAX1!   DAX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
Welcome everybody to a new trading week. Friday’s session started according to our expectation by closing the gap and the price went slowly up. At 2:30 pm we’ve had the US Non-Farm Payrolls release which caused a couple of volatile candles. Later in the afternoon session, Dax significantly slowed down as participants closed the week with the NFP moves. Today, the price opens with an ascending gap.

Important zones

Resistance: 12 139
Support: 12 046, trend line

Statistics for today

Detailed statistics in the Statistical Application

Macroeconomic releases

NIL

Today’s session hypothesis

Today, we could retest the resistance at 12 139 where we hope to find some sellers correcting the price back to retest the 12 046 level. If the resistance at 12 139 isn’t strong enough and buyers prove their bullish momentum, it is likely to retest the price zone of 12 207. If sellers don’t find enough reasons to be aggressive right from the 12 046 level, their appearance might be felt somewhere around the nice trend line .
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