DAX – Purchasing Managers’ Index convinces
the DAX® benefited this morning from a better than expected purchasing managers index from Germany. The index then climbed over 100 points from the daily low.
With the rise in the morning, the horizontal resistance zone was reached by 12,670 points. First of all, resistance from the seller has to be expected. This expected sales interest would even have the potential to initiate a new wave of sales back towards 12,500 points.
There are currently more important topics than a purchasing managers’ index that is slightly above expectations. Only when the hour ends north of 12,700 points does the buyer have a decisive advantage again in the short term.
Have a nice weekend to all readers!
DAX® in points hourly chart; 1 candle = 1 hour (logical candle chart display)
Observation period: 17.09.2020 – 23.10.2020. 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 1st, 2015 – October 23rd, 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 | 16.95 | 10,975 | 7.47 | 10/30/2020 |
| DAX® index | HR16F6 | 4.78 | 12,200 | 26.55 | December 15, 2020 |
Source: HypoVereinsbank onemarkets; 10/23/2020; 11:40 a.m.
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 | HR14JZ | 31.09 | 15,725 | 4.97 | 11/30/2020 |
| DAX® index | HR15JY | 21.08 | 14,725 | 6.00 | 11/30/2020 |
Source: HypoVereinsbank onemarkets; 10/23/2020; 11:40 a.m.
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The contribution DAX – Purchasing Managers’ Index is convincing first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).
Author: Henry Philippson
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