Back
11 Dec 2014
DAX climbs higher, ECB TLTRO eyed
FXStreet (Mumbai) - Germany’s benchmark index, the DAX, extended gains from the previous session and trades higher as ECB’s TLTRO dominates market sentiments.
Currently, the DAX 30 trades at 9832.30 levels, up 0.38%, compared to yesterday’s close of 9799.73. The DAX trades higher today, ignoring muted German CPI data, with a positive index breadth and almost all stocks trading in green. Among the major gainers, shares in Fresenius Medical, ThyssenKrupp AG, Muenchener Rueckversicherungs-Gesellschaft AG and Siemens AG gains 1% to 1.35%.
DAX Technical Levels
The index has an immediate resistance at 9860.90 (20-day SMA), above which gains could be extended to 9921.46 (Nov 25 High) levels. Meanwhile, support is seen at 9820 (5-day SMA) and 9787.26 (Nov 25 Low) levels.
Currently, the DAX 30 trades at 9832.30 levels, up 0.38%, compared to yesterday’s close of 9799.73. The DAX trades higher today, ignoring muted German CPI data, with a positive index breadth and almost all stocks trading in green. Among the major gainers, shares in Fresenius Medical, ThyssenKrupp AG, Muenchener Rueckversicherungs-Gesellschaft AG and Siemens AG gains 1% to 1.35%.
DAX Technical Levels
The index has an immediate resistance at 9860.90 (20-day SMA), above which gains could be extended to 9921.46 (Nov 25 High) levels. Meanwhile, support is seen at 9820 (5-day SMA) and 9787.26 (Nov 25 Low) levels.