Markets

DAX consolidation continues

the DAX® opened this morning after weak indications from Asia with a downward price gap which, however, was closed again in the first hour of trading. So far, however, the buyers have not succeeded in doing more.

After the rise on Monday, the index is still in a consolidation phase, as a glance at the hourly chart clearly shows. New technical chart facts are only created when the hour closes below 12,675 points or when the flag formation breaks north.

Until then, the current consolidation phase can be expected to continue. In the afternoon, the ADP report on the US labor market and capital flows at the end of the quarter could give new impetus.

The flag in the hourly chart tends to be bullish, but buyers will soon have to show their colors again.

DAX® in points hourly chart; 1 candle = 1 hour (logical candle chart display)

Observation period: August 26, 2020 – September 30, 2020. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

DAX® in points monthly chart; 1 candle = 1 month (logical candle chart display)

Observation period: 01.09.2015 – 30.09.2020. 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 pts.leverlast valuation day
DAX® indexHR0G3N 17.6510,9757.2110/30/2020
DAX® indexHR16F6 5.5312,20023.03December 15, 2020
Source: HypoVereinsbank onemarkets; 09/30/2020; 11:29 am

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

UnderlyingWKNSelling price in EURBase price / knock-out in pts.leverlast valuation day
DAX® indexHR14JZ 30.4015,7254.1911/30/2020
DAX® indexHR15JY 20.3714,7256.2511/30/2020
Source: HypoVereinsbank onemarkets; 09/30/2020; 11:29 am
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The contribution to the DAX consolidation continues first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

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