Dax daily: 26 Nov 2019

Yesterday's session was relatively slow as we anticipated. Daw went lower to retest our long-standing support zone at 13 207, which is the most frequently traded level of the month. Dax bounced from there and corrected the daily descend just to close the session near it's high at 13 260.

Important zones

  • Resistance:  13 297
  • Support: 13 000, 13 130

Statistics for today

  • Detailed statistics in the Statistical Application
  • The statistical probability of breaking yesterday's high is 83%

Macroeconomic releases

  • NIL

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Today's session hypothesis

For today, we'll stick to our statistical probabilities generated by the Statistical Application. We're getting hints to target yesterday's high and this has an 83% chance from the historical occurrence. This scenario is in our hands from the long-term perspective as well. The resistance at 13 297 isn't that strong and the breakout would be welcome.

 

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