Dax daily: 28 Oct 2019

Friday's session was quite lazy. Dax first responded to our mentioned resistance at 12,875, where we found sellers. This was followed by a drop of about 55 points before the buyers entered the market again, taking control of the market in the last few hours. The Dax eventually fulfilled the statistic that we would close within Thursday's range.

Important zones

  • Resistance: /
  • Support: 12 850, 12 797

Statistics for today

Macroeconomic releases

  • NIL

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Today's session hypothesis

Today, we have two pretty supports nearby that could hold for further price growth in the event of a market decline. If the Dax falls back inside Friday's range and buyers do not intervene aggressively, we can expect another slower day and a close within Friday's session.

 

 

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