EUREX:FDAX1!   DAX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
Monday's session started wild and many traders were facing problems with unexpected volatility . Dax first spiked upwards quite prudently, just to correct itself soon after. If you remember, we suggested not to trade yesterday as the price development was unpredictable. Good to those who took a break. Dax also broke both Friday's low and high, which had a very low probability. Today we open with a smaller descending gap.

Important zones

Resistance: 12494
Support: 12 350

Statistics for today

Detailed statistics in the Statistical Application

Macroeconomic releases

11:00 CEST - German ZEW Economic sentiment

Today's session hypothesis

Today we can expect the breakout of yesterday's high, which has a slightly increased statistical probability of 64% and then we'll await the retest of resistance zone at 12 494 and closing outside of yesterday's range. We hope to find buyers around 12 350 which is an intraday support level from yesterday. Should the price break yesterday's high and return right into a Monday's range, it is likely Dax will slow down and oscillate.
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