Markets

DAX – Caution, danger of slipping!

The DAX® was able to defend the Friday low just above the 12,800 mark yesterday, this level could come under fire again later in the course of the trade after an initially firmer opening.

The bulls were quickly brought back to the ground in the morning after a brief excursion over 12,920 points. If the 12,800 point mark is undercut in the coming trading hours by hourly closing, this should initially lead to follow-up orders on the underside, which in turn could lead to a larger sales wave towards 12,400 to 12,500 points.

Only when the hour closes above 12,950 points does the precarious chart situation relax a little for buyers, until then a larger downward wave is preferred.

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

Viewing period: 07.07.2020 – 28.07.2020. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

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

Viewing period: 01.07.2015 – 28.07.2020. 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® indexHW0S4D20.2110,8706.4007/31/2020
DAX® indexHW0S5816.2411,2257.9107/31/2020
Source: HypoVereinsbank onemarkets; 28.07.2020; 11:40 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® indexHW0S7A11.1513,95011.5607/31/2020
DAX® indexHR0A1B25.7713,2254.9908/31/2020
Source: HypoVereinsbank onemarkets; 28.07.2020; 11:40 a.m.
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The contribution DAX – Caution, danger of slipping! first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

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