Markets

DAX support stops in the morning

The DAX® started again today above yesterday’s Xetra closing price level, but came under pressure again shortly after the opening and fell back to 13,130 points.

The horizontal support in the range of 13,100 to 13,125 points has withstood the bear attack again this morning. Above this zone in the hourly chart, the path of least resistance from a technical chart point of view is initially further north.

If the area is surpassed by 13,200 points, there would be little in the way of a further rise towards the previous weekly high above the 13,300 mark in the run-up to the US Federal Reserve’s interest rate decision tomorrow evening.

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

Observation period: 08/18/2020 – 09/14/2020. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

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

Observation period: 09/01/2014 – 09/14/2020. 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

Underlying WKN Selling price in EUR Base price / knock-out in pts. lever last valuation day
DAX® index HR0G3N 22.39 10,975 5.93 10/30/2020
DAX® index HR01QN 31.01 10.100 4.25 09/30/2020
Source: HypoVereinsbank onemarkets; 15.09.2020; 10:41 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 4.39 13,640 30.10 09/30/2020
DAX® index HR01RB 16.39 14,800 8.04 09/30/2020
Source: HypoVereinsbank onemarkets; 15.09.2020; 10:41 am
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The contribution DAX support stops in the morning first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

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