Dax daily: 07 Aug 2019

Yesterday's session was a bit odd. Dax behaved lazily all day long and has broken neither low or high of the previous day. The support level at 11 615 hasn't functioned either. The price opened with a small descending gap today which is already closed by the time we write this.

Important zones

  • Resistance:  11 702, 11 845, 11 899, 12 031
  • Support: NIL

Statistics for today

Macroeconomic releases

  • NIL

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Today's session hypothesis

Dax has slowed down significantly after a big drop from 25 July. In the ideal scenario, we could see a correction towards 12 031 in the upcoming days with smaller corrections at the mentioned resistance levels. For today, we don't have any drivers or significant clues for the market direction estimation. There is a near resistance at 11 702 which could trigger some action of sellers. Besides, we can expect a lazier price action once again.

 

 

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