DAX daily: 06 Dec 2018

The resistance at 11 262 we picked up yesterday had played out pretty nicely. There was even a daily high formed at that level. The yesterday's low breakout statistic had also resulted in success, overnight. Today we open by a very prudent short gap with the size of 160 points. This gap has, once again, been formed by the Brexit quarrels.

Important zones

  • Resistance: 11 188, 11 144
  • Support: 10 800

Statistics for today

  • The probability for breaking yesterday's low is 82%.
  • More detailed statistics can be found in our Statistical application

Macroeconomic releases

  • 16:00 CET - USA - ISM Manufacturing PMI

Today's session hypothesis

Immediately upon open, Dax has headed upwards quite strongly. We can find selling pressures at 11 144 or at 11 188 and slowly head towards the main target in the form of Support zone at 10 800. There is no other near support. If the price goes above 11 188, we can expect the slowdown and close within yesterday's range.