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Dax daily: 05 Mar 2020

Dax daily: 05 Mar 2020

Wednesday's session was, after quite some time, fully in hands of bulls. They dominated the entire session, without any significant pullback. When the price reached our resistance level at 12 151, we saw a slight correction before Dax went even higher. The optimism prevailed until the end of the intraday session.

Important zones

Resistance: 12 151, 12 455
Support: 11 734

Statistics for today

Detailed statistics in the Statistical Application

Macroeconomic releases

NIL

Today's session hypothesis

Dax opened the day with a 94 points sized gap. That is relatively big, but nothing extraordinary in view of the recent days' gaps. Considering yesterday's bullish session, we sense another optimism to correct the sell-off. The market has a free space before meeting the next resistance at 12 457. In the opposite scenario, we'd look at a slow down around 12 151.

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