Dax daily: 23 Mar 2020

As we expected, Dax remained in its consolidation range on Friday. The price descended to close at 8 520. The volume of orders was greater in the morning session which could have indicated a possibility of the morning gap but to no avail. Dax opened the week priced at 8 486 near Friday's close.

Important zones

  • Resistance: 9 469
  • Support: 8 230

Statistics for today

Macroeconomic releases

  • NIL

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Today's session hypothesis

Our zones for the day remain unchanged since Friday. The support below at 8 230 and the resistance above at 8 469. The distance is narrow to hit the support level and that could hint continuation in the descend. If the price gets fast to retest the support level, it is also very likely to see the pullback towards 8 900 which was Friday's VPOC.

 

 

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