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DAX avoids a technically negative close on Friday

On Friday afternoon, the DAX eventually filled the price gap it had left open from the start of the day, when it had commenced trading at 7,117. The index had closed on Thursday with a record closing level of 7,046, but had peaked earlier that day at 7,089. A later afternoon update here, noted the fall below 7,089, from an earlier all time record high at 7,198.  So, the move through 7,089 closed that yawning gap and later delivered a session low at 7,060, but it did then rebound and closed exactly where it had opened, at 7,117. Hence, a technically negative close was therefore avoided. Overnight the DAX futures have fallen back though and are currently indicating a reopening this morning close to 17,075 
 

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