Dax daily: 04 Oct 2019

It seems that the Dax has found it's bottom yesterday. The low has emerged at 11 806, but the trading at this level took place for only few minutes. Until the end of the session, there was no substantial movement and at the end we have closed at 11 967.

Important zones

  • Resistance: 12 183, 12 076
  • Support: 11 806

Statistics for today

Macroeconomic releases

  • 14:30 NFP

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Today's session hypothesis

Unfortunately we cannot really rely on the statistics today. All of the probabilities have been already fulfilled. According to the price action, we can assume, that yesterday set the bottom and so now the buyers could pursuit higher prices. It is yet to be seen if the NFP will affect the price development or not. At higher prices we have first resistance at 12 076 and at 12 175 after that.

 

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