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Daily outlook for December 18: DAX is aiming for an all-time high. Gold and oil much stronger! – columns

Thursday,
December 17, 2020
17:59

of onemarkets blog

| Views: 227

Investors are in a buying mood and drove the stock indices further up today. Support also came from the USA. There, contrary to expectations, initial jobless claims have fallen significantly. The DAX® has the all-time high clearly in mind and closed at around 13,700 points.

Meanwhile, the bond market remained calm. Long-term government bond yields hovered around their yesterday’s closing levels. Gold and silver, on the other hand, were in demand. The price of gold was already scratching the $ 1,900 mark and silver was at times over $ 26 per troy ounce. The oil price and the euro / US dollar exchange rate also rose.

Company in focus

Evotec receives milestone payment from Bristol Myers for cancer therapy. The biotechnology company then marked a new all-time high and helped European Biotech Index to jump up. Fielmann is expanding and is buying in Spain. This step was well received by investors. Technology stocks were again in high demand today. Infineon rose to its highest level in 20 years and SAP broke out of the sideways trend that had formed since the end of October. Zalando benefited from a positive analyst comment.

Nike presents the figures for the past fiscal quarter. The results could also affect the shares of its competitors Adidas and puma move. It also loads Daimler to the online press conference on activities in China.

Important appointments

  • Germany – ifo business climate index
  • Europe – Euro area current account, October
  • USA – Current Account
  • USA Leading Indicators, November

Chart technical outlook

Resistance marks: 13,700 / 13,780 points

Support marks: 13.230 / 13.31013.360 / 13.420 / 13.500 points

The DAX® set course to its all-time high today. However, it closed around 100 points below the record mark. If there is another breakout above the 13,700 mark, the next attempt should not be long in coming. The cops currently have everything under control. The mood should turn below 13,500 points at the earliest.

DAX® in points; Hourly chart (1 candle = 1 hour)

old
Observation period: November 24, 2020 – December 17, 2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

DAX® in points; Weekly chart (1 candle = 1 week)

old
Observation period: December 18, 2013 – December 17, 2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

You can find leverage products for speculation on an upward or downward movement or sideways movement of the DAX® here.

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 11.00 12,900 March 16, 2021
DAX® index HR1PRA 9.53 13,450 June 15, 2021
Source: HypoVereinsbank onemarkets; December 17, 2020; 5:52 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 4.42 13,300 March 16, 2021
DAX® index HR1PRG 5.65 12,900 June 15, 2021

Source: HypoVereinsbank onemarkets; December 16, 2020; 5:42 pm

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The daily outlook for December 18: DAX is aiming for an all-time high. Gold and oil much stronger! first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Richard Pfadenhauer

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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