25 Feb 2015
DAX trades lack lustre amid a no-data day
FXStreet (Mumbai) - Germany’s benchmark index, the DAX trades muted on a data light day as traders now await ECB’s Draghi’s testimony due later in the session.
Currently, the DAX 30 trades lower flat at 11210 levels, having previously posted session highs at 11224.80 levels. The DAX hovers near the highest levels since the 2008 crisis, with focus on corporate earnings results in absence of any EUR economic releases in the session.
The index is seen trading with a negative market breadth with an advance decline ratio of 12:18. Among major gainers, RWE AG is the top gainer, up 3.36%, followed by E.ON SE up nearly 3%. While, Continental AG is the top loser, down -2.20%, followed by LANXESS AG which is losing -1.28%.
DAX Technical Levels
The index has an immediate resistance at 11228. Meanwhile, support is seen at 11100 levels and 10850 levels.
Currently, the DAX 30 trades lower flat at 11210 levels, having previously posted session highs at 11224.80 levels. The DAX hovers near the highest levels since the 2008 crisis, with focus on corporate earnings results in absence of any EUR economic releases in the session.
The index is seen trading with a negative market breadth with an advance decline ratio of 12:18. Among major gainers, RWE AG is the top gainer, up 3.36%, followed by E.ON SE up nearly 3%. While, Continental AG is the top loser, down -2.20%, followed by LANXESS AG which is losing -1.28%.
DAX Technical Levels
The index has an immediate resistance at 11228. Meanwhile, support is seen at 11100 levels and 10850 levels.