Welcome everybody to a new trading week. Friday’s session started according to our expectation by closing the gap and the price went slowly up. At 2:30 pm we’ve had the US Non-Farm Payrolls release which caused a couple of volatile candles. Later in the afternoon session, Dax significantly slowed down as participants closed the week with the NFP moves. Today, the price opens with an ascending gap.
- Resistance: 12 139
- Support: 12 046, trend line
Statistics for today
- Detailed statistics in the Statistical Application
Today’s session hypothesis
Today, we could retest the resistance at 12 139 where we hope to find some sellers correcting the price back to retest the 12 046 level. If the resistance at 12 139 isn’t strong enough and buyers prove their bullish momentum, it is likely to retest the price zone of 12 207. If sellers don’t find enough reasons to be aggressive right from the 12 046 level, their appearance might be felt somewhere around the nice trend line.