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31 Mar 2015
DAX turns in red, testing lows above 12k
FXStreet (Mumbai) - Germany’s benchmark index, the DAX opened slight lower, although climbed higher to fresh two week highs before falling back in red as investors continue to digest the recent economic releases from the Euro zone and the UK.
Currently, the DAX 30 trades lower by 0.53% near fresh session lows at 12022 levels. The DAX edged slightly higher after upbeat German jobless data. However, the index erased all gains and fell in red as the Greece debt drama continues to dampened investors sentiments.
The index is seen trading with a negative market breadth, the advance-decline ratio being 13:17. Heidelberg Cement AG is the top gainer, up 1.77%, followed by Fresenius Medical which is up 0.56%. Beiersdorf lags the index by -1.34%, followed by RWE AG which is down -0.93%.
DAX Technical Levels
The index has an immediate resistance at 12190. Meanwhile, support is seen at 11900 levels and 11760 levels.
Currently, the DAX 30 trades lower by 0.53% near fresh session lows at 12022 levels. The DAX edged slightly higher after upbeat German jobless data. However, the index erased all gains and fell in red as the Greece debt drama continues to dampened investors sentiments.
The index is seen trading with a negative market breadth, the advance-decline ratio being 13:17. Heidelberg Cement AG is the top gainer, up 1.77%, followed by Fresenius Medical which is up 0.56%. Beiersdorf lags the index by -1.34%, followed by RWE AG which is down -0.93%.
DAX Technical Levels
The index has an immediate resistance at 12190. Meanwhile, support is seen at 11900 levels and 11760 levels.