Yesterday's session started slowly and Dax was indecisive about the direction. After a few hours, the price descended to the support zone of 9 469 which functioned nicely to repel sellers at first. Another retest turned into a breakout as we predicted and Dax dropped to 9 300. Surprisingly, today's gap recovered the fall.
- Resistance: 10 270
- Support: 9 269
Statistics for today
- Detailed statistics in the Statistical Application
Today's session hypothesis
Dax opened the day with an ascending gap at the fair value level from yesterday. Market participants returned to the area with the largest orders volume. Dax can remain around this level unless we see a driver for a clear horizontal push. 9 469 still supports buyers. If we look at the volume profile of yesterday, the prices below the support level have a relatively low volume of orders compared to the main distribution.