Markets

DAX – Friday low has so far held

The DAX® was unable to really recover on Friday and has so far been rather weak on the chest even at the beginning of the week. However, the bulls were able to defend last Friday’s low for the day in the morning. A better than expected ifo business climate index came in handy.

As long as the important horizontal support area of ​​12,800 points is not sustainably undershot, the bulls can hope for recovery attempts in the area of ​​13,000 to 13,100 points in the short term. There, however, greater sales interest would have to be expected again.

Only an hourly closing price north of 13,100 points brightens the short-term chart image significantly again, until then (after a recovery …) the downside risks dominate.

DAX® in points hourly chart; 1 candle = 1 hour (log. Candle chart display)

Viewing period: 07.07.2020 – 27.07.2020. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

DAX® in points monthly chart; 1 candle = 1 month (log. Candle chart)

Observation period: July 1, 2015 – July 27, 2020. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

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Turbo Bull on DAX® Index for speculation on an increase in the index

UnderlyingWKNSelling price in EURBase price / knock-out in pointsleverlast valuation day
DAX® indexHW0S4D20.0910,8706.4007/31/2020
DAX® indexHW0S5816.2411,2257.9107/31/2020
Source: HypoVereinsbank onemarkets; 07/27/2020; 11:15 a.m.

Turbo Bear on the DAX® Index for speculation of a loss in the index

UnderlyingWKNSelling price in EURBase price / knock-out in pointsleverlast valuation day
DAX® indexHW0S7A11.2513,95011.5007/31/2020
DAX® indexHR0A1B25.7713,2254.9908/31/2020
Source: HypoVereinsbank onemarkets; 07/27/2020; 11:15 a.m.
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The contribution DAX – Friday low has so far held first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

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