Tuesday's session could be characterized as a lazy and boring one for most of its duration. Dax started by closing the gap, followed by the entry of sellers who took the price down to the support level at 12 350. This zone functioned perfectly and the price bounced as expected. There was even an intra-day low formed there.
Dax opened with a descending gap this morning, which is already closed at the time we write this.
- Resistance: 12494, trend line
- Support: 12 339
Statistics for today
- Detailed statistics in the Statistical Application
Today's session hypothesis
If we disregard the Monday's rocket move, Dax is relatively slow from the beginning of the summer holiday. For today, we have three zones nearby which could play some importance in the price action. On the long side, we see a resistance at 12 494. If we find sellers at the trend-line, it is likely the price will slow down inside yesterday's session range.