Dax daily: 14 Jan 2020

13 522 held as a resistance! Sellers then entered the market at this level and we dropped to the low of our previous two days. At lower prices, we also saw a shift of volume, which might indicate that we will further see bearish behaviour.

Important zones

  • Resistance: 13 522
  • Support: 13 386

Statistics for today

Macroeconomic releases

  • NIL

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Today's session hypothesis

Today, we have a very interesting situation. Our Statistical Application contradicts our current view on the market, specifically the order volume and price action. According to our application, the chance to test yesterday's low is not that great and that we should avoid going short. On the other hand, based on the price action and order volume that we see, the Dax could, in fact, drop and test yesterday's low. In such a case, we must be careful as we do not want contradicting views. Should we favour one side, we would prefer going short with 13 360 as our target.

 

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