Markets

DAX – A gap has to fix it again

The DAX® recovered again in yesterday’s trading, saved itself through the support by 12,650 / 12,660 points. The index then moved sideways. Dynamism only emerges in today’s retail. The DAX® jumps with a gap directly over the resistance band between 12,807 and 12,843 points and immediately leaves it behind. The range of up to 12,935 points mentioned yesterday for this case has already been exhausted, but buyers want even more.
The bulls could now aim for the still open gap at the end of July at 13,073 points. A milestone is the 13,000 point mark. Intermediate setbacks to the new support at 12,935 points should, however, be planned. From now on the index is well secured there. The zone between 12,843 and 12,807 points also serves as a new support area.

On the bottom, the focus is primarily on the intermediate low at 12,648 points. As long as this mark is no longer undercut, the trend in the hourly chart is pointing upwards again. However, it remains to be seen whether buyers will have the strength to head straight for the July high of 13,313 points in the coming days.

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

Observation period: 07/22/2020 – 08/11/2020. Historical considerations are not reliable indicators for future developments. Source: Guidants.com

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

Observation period: 08/01/2015 – 08/11/2020. Historical considerations are not reliable indicators for future developments. Source: Guidants.com

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

Underlying WKN Selling price in EUR Base price / knock-out in pts. lever last valuation day
DAX® index HR0G3N 20.01 10,975 6.49 30.10.2020
DAX® index HR01QN 28.79 10.100 4.50 09/30/2020
Source: HypoVereinsbank onemarkets; 08/11/2020; 10:32 am

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

Underlying WKN Selling price in EUR Base price / knock-out in pts. lever last valuation day
DAX® index HR02ZR 7.17 13,640 18.06 09/30/2020
DAX® index HR0A1B 24.59 15,400 5.26 08/31/2020
Source: HypoVereinsbank onemarkets; 08/11/2020; 10:34 a.m.
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The contribution DAX – A gap has to fix it again first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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