Dax daily: 14 Nov 2019
Yesterday's morning of Dax trading was quite interesting. In the first two hours of trading, buyers attempted to close the gap but were rejected. The support at 13 207 didn't hold the price and buyers were short of their powers there. Dax dropped lower to retest another support zone at 13 127. The price bounced back and closed back at 13 207. This attempt could be favoured hint for bulls.
Important zones
- Resistance: 13 297
- Support: 13 207
Statistics for today
- Detailed statistics in the Statistical Application
- The statistical probability of breaking high or low is 87%
Macroeconomic releases
- NIL
Today's session hypothesis
Yesterday's 'V' bounce can be understood as a rejection of lower prices. If buyers want to pierce the 13 297 level, they should attempt that as soon as possible. If this scenario turns invalid, it is likely that the current consolidation range between 13 297 and 13 126 might be broken to the downside.
Why to trade DAX on CFDs? Check out this article about the benefits and disadvantages of this topic.
