Markets

DAX excursion over 13,000 mark is sold off

The DAX® benefited in the afternoon from another very bullish Wall Street performance and initially continued to rise at the start of trading on Thursday. After an upward gap at the start of trading, it went straight up to 13,050 points before profit-taking began in the morning.

The previous movement highs just above the 12,950 mark are currently acting as short-term relevant support on the underside. On the upside, the air turned thin relatively quickly north of the 13,000 mark this morning.

Within the range of 12,950 to 13,050 points, the index can therefore be classified as neutral in the short term; neither the long nor the short side appears particularly attractive in the current chart.

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

Observation period: 17.09.2020 – 08.10.2020. 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: October 1, 2015 – October 8, 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 20.2810,9756.4110/30/2020
DAX® indexHR16F6 8.0512,20016.14December 15, 2020
Source: HypoVereinsbank onemarkets; 08/10/2020; 11:14 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 27.7515,7256.5811/30/2020
DAX® indexHR15JY 17.7214,7257.3311/30/2020
Source: HypoVereinsbank onemarkets; 08/10/2020; 11:14 am
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The contribution DAX – excursion over 13,000 mark is sold off first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

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