Dax daily: 24 May 2019

Yesterday we wrote about the high probability of breaking the low of the previous day at 12 047. That is exactly what happened and overall, our analysis was very successful. Without the Statistical Application, we wouldn’t have such data.

Important zones

  • Resistance: 12 142
  • Support: 11 958, 11 11 922

Statistics for today

Macroeconomic releases

  • NIL

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Today’s session hypothesis

Today’s open looks very interesting. Yesterday’s close happened at the support 11 958, which we have been talking about for several days. Unfortunately, according to the Statistical Application, the probability of closing the gap is relatively low. Why? Because we have two contradicting information. In case the statistics are positive, that would favour the sellers. if we see a fast sell-off at the open, we’d expect a negative statistic of closing the gap. If sellers do not enter the market this session, the is a lot of room for the buyers to reach up to 12 142.