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DAX set to reopen any minute above 18,452 technical level
The European stock markets will reopen very shortly and right now the DAX is set to reopen above technical level it did not significantly pass yesterday. That was the final Fibonacci corrective level, at 18,452 (76.4%). The index briefly topped that yesterday, when peaking at 18,454, but it did not close above it. Hence, it is safe to say it provided enough resistance to reject a clear break. The DAX ended the session at 18,421, with a gain of 99 points on the day. Well, the futures price is right now suggesting a reopening well above that price point in a couple of minutes from now. The opening indication is at around 18,480
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