Commodities

Dax daily: 12 Jun 2019

Our analysis yesterday met our expectations. Dax did not close the gap and went right up towards the 12 207 level where we saw some sellers taking over. There was even an intra-day high formed at 12 207. Following was a descend almost to the open level and today we open with an ascending gap.

Important zones

Resistance: 12 144, 12 194, 12 117


Support: 12 012

Statistics for today

Detailed statistics in the Statistical Application

Macroeconomic releases

NIL

Today’s session hypothesis

Today we can expect a move upwards to close the gap, which doesn’t have the highest statistical probability and therefore we hope to find sellers as soon as around 12 117. If Dax goes above 12 144, then the breakout of yesterday’s high has a very small probability of just 7%. In case sellers dominate the market, we could potentially find buyers around a nice support level of 12 012.

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