DAX daily: 07 Dec 2018

The tension in England contributed to another big drop of Dax, the yesterdays sessions started with a nice move up, but soon it was replaced by a rapid drop. The support from 2016 on 10 800 was slightly overcome, but in the end, the buyers entered and erased part of the morning fall. Today we are opening with a small gap inside the yesterday's session.

Important zones

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

Statistics for today

Macroeconomic releases

  • 14:30 CET - USA - NFP

Today's session hypothesis

Since England is still negotiating on Brexit's conditions, it is quite difficult to expect anything. In addition, today we have a US unemployment announcement, which will surely make Dax volatile. There is no clear S / R zone nearby. Support on 10 800 could work again, but if the buyers are not active enough, we can expect a yesterday's low to be broken. At higher prices, we have a clear target on 11 188, but it is a very distant target for one session. If we fall below 10 800 we can expect a slowdown in the densified area of November 2016.

Dax 30 Minute TF