Outlook for November 19: DAX is stuck. SAF and car manufacturers step on the gas!
Every setback is used these days by the bulls to get started again. So today too. After an initial weakness, the DAX® and EuroStoxx®50 rose again. The buyers received support from good economic figures, among other things. The order backlog in German industry rose more significantly than expected in September. However, both indices remained in the sideways trend that had been forming for a few days.
Yields on the bond market fell slightly. The yield on 10-year Bunds closed at minus 0.55 percent and the yield on comparable US bonds was fixed at 0.865 percent. The precious metals were meanwhile mostly friendly. The silver price was fixed above $ 24.50 per troy ounce. Palladium and platinum even improved by two percent each. The oil price rose not quite as strongly. The price for a barrel of Brent Crude Oil nevertheless pushed over the mark of 44 US dollars.
Company in focus
Report from Europe tomorrow CTS Eventim, Knorr Bremse and ThyssenKrupp Business figures for the past quarter. ABB and Evotec invite you to the Investor Day and Borussia Dortmund to the Annual General Meeting.
Important appointments
- Europe – Euro area current account, September
- United States – Initial jobless claims for the week ending November 14th
- USA – Philly Fed Industrial Index, November
- USA – leading indicators, October
Chart technical outlook
Resistance marks: 13,230 / 13,310 / 13,460 points
Support marks: 12,810 / 12,980 / 13,050 points
After a setback at the beginning of trading, the DAX® turned north and reached the 13,200 point mark at the end of trading. As described in the past few days, the index finds a resistance zone between 13.230 and 13.310. This area has to be overcome. Until then, setbacks of up to 12,980 points must be expected again and again.
DAX® in points; 4-hour chart (1 candle = 4 hours)
Observation period: September 18, 2020 – November 18, 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: November 19, 2013 – November 18, 2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de
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Call warrants on DAX® Index for speculation on an increase in the index
| Underlying | WKN | Selling price in EUR | Base price / knock-out in pts. | last valuation day |
|---|---|---|---|---|
| DAX® index | HR1PQW | 8.07 | 12,900 | March 16, 2021 |
| DAX® index | HR1PRA | 6.81 | 13,450 | June 15, 2021 |
Source: HypoVereinsbank onemarkets; 11/18/2020; 5:40 pm
Put warrants on DAX® Index for speculation on a price loss of the index
| Underlying | WKN | Selling price in EUR | Base price / knock-out in pts. | last valuation day |
|---|---|---|---|---|
| DAX® index | HR1PQZ | 6.79 | 13,300 | March 16, 2021 |
| DAX® index | HR1PRG | 7.26 | 12,900 | June 15, 2021 |
Source: HypoVereinsbank onemarkets; 11/18/2020; 5:41 pm
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The daily outlook for November 19: DAX is stuck. SAF and car manufacturers step on the gas! first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).
Author: Richard Pfadenhauer
