Markets

DAX – Short-term stalemate before the weekend

The DAX® was able to overcome the mentioned horizontal resistance in the area of ​​13.125 / 50 points yesterday and then climbed towards the XETRA closing price on Wednesday, as expected. The morning trading on Friday has been rather lethargic so far. Neither bulls nor bears can set decisive accents.

The short-term relevant resistance on the upside is currently at 13,250 points. An hour close above this level would open up further potential on the upside and could even result in an impulsive boost towards 13,500 points.

If, on the other hand, the index slips again below the area of ​​13,125 points, the bears would immediately get a tailwind again. The tip of the scales should be – as so often – the Wall Street performance in the afternoon. Have a nice weekend to all readers!

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

Observation period: 08/18/2020 – 09/18/2020. 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 – 09/18/2020. 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 22.35 10,975 5.35 10/30/2020
DAX® index HR01QN 31.20 10.100 4.24 09/30/2020
Source: HypoVereinsbank onemarkets; September 18, 2020; 09:39 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 4.65 13,640 28.24 09/30/2020
DAX® index HR01RB 16.21 14,800 8.15 09/30/2020
Source: HypoVereinsbank onemarkets; September 18, 2020; 09:39 am
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The article DAX – Short-term stalemate before the weekend first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

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