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DAX opens lower and falls below 15,300

As expected and priced into the futures beforehand, the DAX did open lower this morning, kicking off the new session at 15,330, from a close yesterday at 15,405. The move lower has now extended to below 15,300 after falling immediately below the low point seen yesterday, at 15,329. The index is under pressure, but it just now lifting from a low at around 15,280, to back above 15,300 a moment ago. Immediate resistance is possible at 15,330 and then at 15,405. The 200 day moving average is no where near in play again this morning, but if it becomes so, then a further update will follow here. The price action is very fluid again today too. The DAX is just now trading at 15,295

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