Markets

Outlook for December 22nd: DAX tilts! Focus on platinum and oil. – columns

Monday,
December 21, 2020
17:52

of onemarkets blog

| Views: 160

Buy while the rumors are brewing. Sell ​​when the facts are on the table. Despite two good pieces of news (vaccine approval in Europe & US economic stimulus program), the stock markets went into reverse today. The reason: An even more contagious variant of the coronavirus has emerged in the UK. So there is a threat of even longer and possibly even more restrictive lockdown measures. Investors were correspondingly nervous today and pushed prices significantly south. Instead of a new all-time high, the DAX® and EuroStoxx®50 each lost around 2.8 percent to 13,250 points and 3,450 points, respectively.

The uncertainty in the equity markets was reflected in the bond and commodity markets. Long-term bond yields fell somewhat and extreme swings were observed at times for precious metals. The price for platinum even lost 8.5 percent at times. The setback in the oil price was not quite as severe. Barrel Brent Crude Oil still lost almost four percent.

Company in focus

The EU competition watchdog has for the merger of FiatChrysler With PPE given the green light. However, the shares were unable to escape the downward spiral and closed in the red. RWE cuts power generation in Germany drastically. The background is the coal phase-out. Today the paper lost three percent. Siemens Energy rose to the MDAX® today and ousted Grenke’s shares. The share of Tele Columbus gained double digits today. The trigger was a takeover offer from Morgan Stanley Infrastructure Partners.

Important appointments

  • Germany – Gfk consumer confidence index for January
  • USA – GDP Q3

Chart technical outlook

Resistance marks: 13,300 / 13,400 / 13,450 / 13,7100 points

Support marks: 12,980 / 13,070 points

The DAX® started the Christmas week with significant losses. At times the share barometer fell to the 13,050 point range. In the late afternoon, however, the index recovered from the daily low. Above 13,300 / 13,400 points, there is a chance of recovery. Until then, however, further setbacks must be expected.

DAX® in points; Hourly chart (1 candle = 4 hours)

old
Observation period: October 23, 2020 to December 21, 2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

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

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Observation period: December 22, 2013 – December 21, 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 8.60 12,900 March 16, 2021
DAX® index HR1PRA 7.53 13,450 June 15, 2021
Source: HypoVereinsbank onemarkets; December 21, 2020; 5:39 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 6.36 13,300 March 16, 2021
DAX® index HR1PRG 7.18 12,900 June 15, 2021

Source: HypoVereinsbank onemarkets; December 21, 2020; 5:40 pm

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The daily outlook for December 22nd: DAX tips! Focus on platinum and oil. 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 editorial staff keeps an eye on the DAX, Dow & Co. for you and shows you how you can benefit from the ups and downs with leverage products.
http://blog.onemarkets.de

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