After the strong start to the week, the German DAX 30 ran out of steam yesterday. The tailwind from Wall Street slowed down, which also hit the German market in late trading.
The Dax (DAX 30 futures), which had gained a good one percent or so on Monday, closed the day down 24 points at 12524 after opening at 12548 (high: 12593 and low: 12512).
Perhaps the mood-killer yesterday came from general European-related problems. For example, there are increasing indications of a “hard Brexit”. A solution that shows Europe as a strong unit with a partner Great Britain, seems less likely.
There are also many critical voices with regard to the new trade agreement between the US and Mexico. This fueled the bullish speculation on Monday.
The question is whether Canada will join the agreement.
29-08-2018 Dax Video
29-08-2018 Dax Levels
| KEY LEVELS (MINI DAX) | |
| POC * | 12545 |
| Value Area High | 12569 |
| Value Area Low | 12541 |
| VWAP | 12551 |
| R2 | 12624 |
| S2 | 12462 |
| Pivot | 12543 |
| Camarilla Breakout (Bull) | 12569 |
| Camarilla Breakout (Bear) | 12479 |
