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:

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:

Inline warrants on the DAX®

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

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

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