DAX Futures

Dax daily: 19 Aug 2019

102
Friday's session was relatively difficult to trade. It looked like the price might go down a few times, but bulls were stronger and took the price towards our resistance at 11 606. In the end, the gap between the sessions wasn't closed and the trendline wasn't even relevant. For today, we open with yet another ascending gap.

Important zones

Resistance: 11 899, 11 723
Support: 11 404, trend-line, 11 560

Statistics for today

Detailed statistics in the Statistical Application

Macroeconomic releases

NIL

Today's session hypothesis

We estimate a short correction towards Friday's close at 11 560 where bulls are likely to take over and take the price to retest the 11 723. The main target for this week lays at 11 899. If Dax goes well below 11 560, we are likely to see a slow down of Price Action and closing inside Friday's range.

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