Dax daily: 19 Jun 2020
Thursday's session was quite interesting. We anticipated that Dax was likely to trade in its range and the resistance at 12 494 really served to just reject the upward price move. It is apparent this S/R zone is valid and those who had limit orders around this level can pride themselves with nice profits. Dax then moved to the middle of the range and we start fresh from the same levels, again.
Important zones
Resistance: 12 494
Support: 12 151
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Friday's session starts near the previous day and the first trading hour is dominated by buyers. It seems that bulls are likely to target 12 494 yet again and we stick to our yesterday's bias. We anticipate the retest and/or breakout of the nearest S/R zones and we incline more towards 12 494's side. If buyers don't want to go above there, the support at 12 151 isn't much stronger.
Important zones
Resistance: 12 494
Support: 12 151
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Friday's session starts near the previous day and the first trading hour is dominated by buyers. It seems that bulls are likely to target 12 494 yet again and we stick to our yesterday's bias. We anticipate the retest and/or breakout of the nearest S/R zones and we incline more towards 12 494's side. If buyers don't want to go above there, the support at 12 151 isn't much stronger.
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