Dax daily: 28 Feb 2019

Yesterday’s session didn’t go as expected at all. The support zone at 11 466 wasn’t attractive for buyers and Tuesday’s high that we aimed wasn’t broken as well. Today, the session opens with a descending gap and Dax is now heading sharply downwards.

Important zones

  • Resistance: 11 530, 11 485
  • Support: 11 386, 11 342

Statistics for today

  • Detailed statistics in the Statistical Application
  • The statistical probability of closing outside of yesterday’s range is 80%

Macroeconomic releases

  • NIL

Today’s session hypothesis

Today, we expect the price to drop towards the support zone of 11 386 or even lower to 11 342 where we could expect buyers to step in. We could find sellers at the price of yesterday’s close at 11 485. The probability of breaking yesterday’s high is very low.