Dax daily: 10 Jan 2019

Wednesday’s session has been relatively peaceful again. Dax opened near Tuesday’s high which was punctured quickly. Following was an attack to close the gap, however, buyers appeared far quicker yet before the gap closure. Bulls were attempting to take the price higher but were not strong enough. The price rather tested the support at 10 835 which was mentioned yesterday. Today, the price opens with a significantly descending gap.

Important zones

  • Resistance: 11 188, 11 142, 11 010, 10 888
  • Support: 10 776, 10 718

Statistics for today

  • Detailed statistics can be found in our Statistical application
  • The probability to break yesterday’s high at 10 952 is 15%

Macroeconomic releases

  • NIL

Today’s session hypothesis

Today, we can expect some bullish powers and attacking the gap + resistance at 10 888, where we could see sellers taking over and pushing the price lower. A long-term short target remains in the form of the unclosed gap at 10 418. In case of a breakout of 10 888, we estimate the price to slow down and close inside yesterday’s range. However, yesterday’s high breakout isn’t that probable. On the short side, bulls could step in around the support zones at 10 776 or 10 718.