Markets

DAX – Weak opening is bought first – columns

Wednesday,
02.12.2020
11:52

from onemarkets blog

| Views: 126

The DAX® could not mark a new high yesterday and crumbled a little towards the end of trading. This morning the index then opened significantly weaker with an upward gap in the trade.

After the weak opening, based on yesterday (Merely an hourly closing price below yesterday’s XETRA closing price at 13,291 points puts the buyer in greater distress again. “) mentioned important support around 13,290 points a bullish reversal to the north. This underlines the still prevailing stalemate in the German leading index: Neither bulls nor bears can currently set sustainable trends.

In the area of ​​13,350 points, buyers seem to run out of steam in the morning, but there would still be “air” on the upside in the direction of yesterday’s closing price level. Within the range of 13,290 to 13,430 points, there is only need for action here for intraday scalpers.

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

old

Observation period: November 18, 2020 – December 2, 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)

old

Observation period: December 1st, 2015 – December 2nd, 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 HR2R6V 39.47 9,425 3.38 December 15, 2020
DAX® index HR1LYP 28.17 10,450 4.70 December 15, 2020
Source: HypoVereinsbank onemarkets; 02/02/2020; 11:14 am
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 HR3D4F
23.95 15,725 5.58 December 15, 2020
DAX® index HR1Z94 12.48 14,625 1.74 December 15, 2020
Source: HypoVereinsbank onemarkets; 02/02/2020; 11:14 am
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The contribution DAX – Weak opening is initially bought first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

In the onemarkets blog, experts from HypoVereinsbank onemarkets and technical analysts from GodmodeTrader will tell you what will move the markets before the stock market starts. During the day, the editors keep an eye on the DAX, Dow & Co. for you and show you how you can benefit from the ups and downs with leverage products.
http://blog.onemarkets.de

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