Markets

Daily outlook for October 7th: DAX at 12,900 points. Banks and Siemens clearly in the plus!

Chart technical outlook

Resistance marks: 13,000 / 13,060 points

Support marks: 12,420 / 12,600 / 12,700 / 12,800 / 12,900 points

The DAX® climbed step by step today and marked the daily high at 12,966 points. In the late afternoon, profits crumbled somewhat. Nevertheless, it closed in the area of ​​12,900 points and thus at the level of the former resistance level. The index currently finds a broad support zone between 12,800 and 12,900 points. As long as it is not undercut, there is a chance that the upward trend will continue to 13,000 / 13,060 points.

DAX® in points; Hourly chart (1 candle = 1 hour)

Observation period: 17.09.2020 – 06.10.2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

DAX® in points; Weekly chart (1 candle = 1 week)

Observation period: October 7, 2013 – October 6, 2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

Inline warrants on the DAX®

UnderlyingWKNSales price in eurosLower knock-out barrier in Pt.Upper knock-out barrier in pt.Final Valuation day
DAX®HR03H47.4911,80016,60011/19/2020
DAX®HR03N75.4012,00015,100December 17, 2020

Source: HypoVereinsbank onemarkets; Status: October 6, 2020; 5:40 pm

You can find information about how inline warrants and numerous other products work here at onemarkets knowledge. You will find leverage and investment products for speculation on an upward or downward movement or sideways movement of the DAX® here.

NEW: Cashback trading – when the issuer pays my order fees!

Place orders as usual through your broker or bank. Cashback via the free Cashbuzz app or online via the website activate. Credit of up to 50 euros per trade (for trades from 1,000 euros) up to a maximum of 1,000 euros per month. Further information at: www.onemarkets.de/cashback

Tags

Related Articles

Back to top button
Close
Close