20 Mar 2015
DAX attempts 12k, Greek talks eyed
FXStreet (Mumbai) - Germany’s benchmark index, the DAX opened on a firmer note with a positive gap of 45 points and climbed in another run for 12k mark as index is poised for a tenth straight weekly gain.
Currently, the DAX 30 trades marginally higher by 0.58% at 11968 levels, heading towards fresh session highs at 11984. The DAX remains elevated as traders continue to cheer upbeat Euro zone current account data which showed that the union’s current account surplus widened in January. Meanwhile, traders in the region now focus on the Greek debt crisis, which is being discussed in Brussels.
The index is seen trading with a positive market breadth, advance-decline ratio being 26:4. The top winner on the index is LANXESS AG up 1.51% followed by Fresenius SE gaining 1.23%. While on the losing end, K+S AG is down -1.49% followed by RWE AG lower by -0.35%.
DAX Technical Levels
The index has an immediate resistance at 12000. Meanwhile, support is seen at 11814 levels and 11744 levels.
Currently, the DAX 30 trades marginally higher by 0.58% at 11968 levels, heading towards fresh session highs at 11984. The DAX remains elevated as traders continue to cheer upbeat Euro zone current account data which showed that the union’s current account surplus widened in January. Meanwhile, traders in the region now focus on the Greek debt crisis, which is being discussed in Brussels.
The index is seen trading with a positive market breadth, advance-decline ratio being 26:4. The top winner on the index is LANXESS AG up 1.51% followed by Fresenius SE gaining 1.23%. While on the losing end, K+S AG is down -1.49% followed by RWE AG lower by -0.35%.
DAX Technical Levels
The index has an immediate resistance at 12000. Meanwhile, support is seen at 11814 levels and 11744 levels.