Dax daily: 19 Jul 2019

We welcome all of our readers with this last day of the week analysis. Dax respected our zones perfectly yesterday:

Today's price opens at yesterday's resistance zone and with a big ascending gap.

Important zones

  • Resistance: 12 380
  • Support: 12 234

Statistics for today

Macroeconomic releases

  • NIL

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Today's session hypothesis

Dax opened with an ascending gap and continues heading upwards. The first resistance level where we could find some sellers lays at 12 380. However, it is more probable that bears will first attempt to close the gap between today's and yesterday's sessions. The level of 12 234 is likely to function as our support where bulls could prove their presence and take Dax higher.