Dax daily: 06 Jul 2020
No further price growth has been witnessed on Friday. After retest of the previous High, Dax pulled back to 12 494 S/R level and consolidated there for a time being, just to respect this zone and range slowly towards 12 592. The daily volatility was low due to a bank holiday in the US.
Important zones
Resistance: 12 882
Support: 12 592
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Dax took a bit of a delay since Friday's prognosis and opened the week with an ascending gap. The price opened at 12 776 and is descending slowly at the time of writing. Dax is now above the consolidation range and the nearest resistance level lays at 12 882. This might the most important target for bullish traders and we'll be eying to focus our attention there as well. It is, however, very likely that Dax will first retest Friday's levels and the retest of 12 882 comes later in the week.
Important zones
Resistance: 12 882
Support: 12 592
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Dax took a bit of a delay since Friday's prognosis and opened the week with an ascending gap. The price opened at 12 776 and is descending slowly at the time of writing. Dax is now above the consolidation range and the nearest resistance level lays at 12 882. This might the most important target for bullish traders and we'll be eying to focus our attention there as well. It is, however, very likely that Dax will first retest Friday's levels and the retest of 12 882 comes later in the week.
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