Yesterday's session was another occasion where Dax just ignored our analysis. We expected a short move below Monday's low and the entry of buyers around the drawn trend line. Instead of that, buyers were very active right from the beginning of the session.
- Resistance: 12 214, 12 380
- Support: trend line, 12 008
Statistics for today
- Detailed statistics in the Statistical Application
- A series of fundamental releases from the UK - refer to the Economic calendar.
Today's session hypothesis
The ideal scenario for today's intra-day trading is the initial selling push towards 12 008 which is a good zone for a retracement. Following we could estimate another push higher towards the weaker resistance at 12 214. Keep an eye out for the fundamental releases scheduled for today, especially from the UK & the US later in the session.