Dax daily: 26 Jun 2020

Yesterday's morning session was up and down around 12 151 level but eventually, buyers took dominance and Dax is now back in the same consolidation range of the past week. The price closed at its daily high and this signifies a lost battle of bears.

Important zones

  • Resistance: 12 494
  • Support: 12 151

Statistics for today

Macroeconomic releases

  • NIL

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Today's session hypothesis

Today's session started near yesterday's close. Nothing provides hints about a clear dominance of either buyers or sellers when the price is midway through the consolidation range. We fight the price at the long-term fair values, although we'd love to see any clear directional move to either side. The current situation doesn't provide reasonable trading hints nor statistical probabilities. We anticipate the session to remain in the range between 12 151 and 12 494.

 

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