Dax daily: 03 Jan 2020

Yesterday's session was fully in buyers' hands. We saw a strong bullish momentum with the close printed on the intraday high. Very quality session it was. The order volume zone moved to 13 390.

Important zones

  • Resistance:  13 462
  • Support: 13 235

Statistics for today

Macroeconomic releases

  • 16:00 CET - USA - ISM Manufacturing PMI
  • 20:00 CET - USA - FOMC Meeting Minutes

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Today's session hypothesis

The price opened with a descending gap and this negates yesterday's up-move. Buyers were strong yesterday, yet the run had no continuation with today's open as the price returned back towards 13 300. We could, for once, retest 13 235 which is the zone we mentioned a couple of times. If buyers flex their muscles again, we'll target 13 400.

 

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