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DAX – climbs to highest level since February – columns

Wednesday,
December 16, 2020
11:57

of onemarkets blog

| Views: 411

Yesterday afternoon, the DAX® went to the “Path of Least Resistance “ Towards 13,450 points and starts trading today at the opening with an upward price gap. Shortly after the opening, the index then also took the hurdle at 13,450 points and climbed to its highest level since February.

After the rally this morning, a consolidation phase must first be planned for in the short term. After the 200-point rally since yesterday afternoon, the buyers really deserve a break.

As long as this announced consolidation phase takes place above 13,450 points, from a technical point of view everything will remain in butter for the bulls in the short term. Only an hour close below 13,450 points brings the bears back into play. Until then, the path of least resistance is still up. The US Federal Reserve’s interest rate decision is due at 8 p.m. and could provide further impetus after the hours.

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

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Observation period: 11/23/2020 – 12/16/2020. 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)

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Observation period: December 1, 2015 – December 16, 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 HR3LT3 30.74 10,550 4.41 02/26/2021
DAX® index HR3LUN
17.42 11,875 7.79 02/26/2021
Source: HypoVereinsbank onemarkets; December 16, 2020; 11:12 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 HR3M6L
21.69 15,725 6.15 02/26/2021
DAX® index HR3LXE 8.78 14,400 15.47 02/26/2021
Source: HypoVereinsbank onemarkets; December 16, 2020; 11:12 a.m.
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The contribution DAX – climbs to its highest level since February 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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