19 Dec 2014
DAX trades higher on positive global sentiment
FXStreet (Mumbai) - Germany’s benchmark index, the DAX, trades higher, tracking positive sentiment from Asian markets and also on overnight Wall Steet gains.
Currently, the DAX 30 trades at 9836 levels, up 0.25%, compared to yesterday’s close of 9811.06. The DAX climbed higher after investors continue to cheer Wednesday's statement from the Federal Reserve. The index is trading with a positive market breadth with an advance decline ratio of 21:9. Henkel AG & Co KGaA and Volkswagen AG are top gainers on the index gaining 1% to 1.5%. Deutsche Lufthansa, RWE AG and BASF SE are among the major losers, declining -1.20% to 2.35%.
DAX Technical Levels
The index has an immediate resistance at 9907.82 (Dec 11 High), above which gains could be extended to 10k levels. Meanwhile, support is seen at 9763.41 (Dec 11 Low) and 9669.80 (Dec 18 Low) levels.
Currently, the DAX 30 trades at 9836 levels, up 0.25%, compared to yesterday’s close of 9811.06. The DAX climbed higher after investors continue to cheer Wednesday's statement from the Federal Reserve. The index is trading with a positive market breadth with an advance decline ratio of 21:9. Henkel AG & Co KGaA and Volkswagen AG are top gainers on the index gaining 1% to 1.5%. Deutsche Lufthansa, RWE AG and BASF SE are among the major losers, declining -1.20% to 2.35%.
DAX Technical Levels
The index has an immediate resistance at 9907.82 (Dec 11 High), above which gains could be extended to 10k levels. Meanwhile, support is seen at 9763.41 (Dec 11 Low) and 9669.80 (Dec 18 Low) levels.