Dax daily: 13 Feb 2020

Yesterday's session was fully in the hands of buyers. The German stock index rose to a new all-time high, priced at 13 778. The gradual ascend was very quality, supported by new coming orders.

Important zones

  • Resistance: 13 730
  • Support: 13 627

Statistics for today

  • Detailed statistics in the Statistical Application
  • The statistical probability of breaking yesterday's low stands at 11% only

Macroeconomic releases

  • NIL

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Today's session hypothesis

Dax opened the day with a descending gap. Despite yesterday's optimism in the markets, there was an overnight correction to the downside. The price is now below the most traded volume of yesterday and this could serve us as the resistance level. In case there is no more bullish sentiment, that level could serve as a good entry point for sellers. However, the statistical application doesn't favour breaking below yesterday's low. From the historical occurrences, we only have 11% chance for this scenario to play out.

 

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