Dax daily: 27 Nov 2019

13 207 still functions as a magnet. Yesterday's session wasn't fully dominated by the buyers and the price reversed to 13 207 yet there was no slow-down at this level. Dax bounced back up from 13 207 and the previous day's high wasn't even retested as statistics suggested. The bullish activity is only seen with a delay this morning.

Important zones

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

Statistics for today

Macroeconomic releases

  • NIL

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Today's session hypothesis

Today's session started with a 15 points gap. Although the statistical probabilities suggest the closure to have a 67% chance, the price action proves otherwise. Buyers found their strengths, broke highs of the past two days and target the resistance at 13 297. This could be an interesting activity and the 13 297 level could be a decisive zone to look at. Dax might either break higher to head towards 13 360 or reverse back to a range and we'd target 13 207 again.

 

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