Dax daily: 27 May 2019

On Friday we did not see an aggressive sell-off after the market open and therefore, we fulfilled the statistic of not closing the gap. The market forces were relatively balanced and the session closed in slightly green numbers. Most of the time, we traded sideways. As we have not moved anywhere, our zones from the previous analysis remain valid.

Important zones

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

Statistics for today

Macroeconomic releases

  • USA Memorial Day

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Today's session hypothesis

Our new week started with bullish aggressive activity. Buyers should be aiming at 12 142, which is marked as our resistance. Against buying, we have the statistic of closing the gap of about 20 points, which was closed 70% of the time out of 123 cases. Such a strong statistic should be in favour for sellers. We, however, believe that buyers should have the upper hand. If we do test lower prices, it'd mean that buyers are waiting somewhere at lower prices. 12 023 might be such a level.