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

Macroeconomic releases

  • NIL

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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.

 

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