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Daily outlook for January 6th: DAX easier. Oil and gold shine! – columns

Tuesday,
05/01/2021
18:00

of onemarkets blog

| Views: 198

The majority of investors held back with new investments today. The prospect of an extension of the lockdown in some countries and the runoff election in Georgia put investors on the defensive today. The majority of the European standard value indices fell. The DAX® and EuroStoxx®50 fell to 13,650 and 3,550 points respectively.

Yields rose slightly on the bond market. However, there were no significant movements. The yield on long-term Bunds stagnated at minus 0.59 percent and the yield on comparable US securities at around 0.94 percent. The precious metals shone again today. The price of gold rose above $ 1,940 an ounce. The price of palladium even improved by almost 100 US dollars or 3.8 percent to 2,460 US dollars. The oil price also posted a strong plus. Speculations that the OPEC + states could agree on continued restrictive oil production spurred the quotations. The price of a barrel of Brent crude oil rose above the December high of 52.40 US dollars.

Company in focus

The new Commerzbank-Chef Manfred Knof announced drastic restructuring measures in a letter to the employees. The share was then firmer. However, it has not yet passed the resistance level of EUR 5.50. The extension of the lockdown has spurred Internet service providers such as Delivery Hero, HelloFresh and Teamviewer. The semiconductor manufacturer Dialog Semiconductor plans to move from Great Britain to Germany after Brexit. This makes the title an MDAX® candidate. Evotec and BristolMyers announced the expansion of their cooperation. This expansion brings Evotec a milestone payment of the equivalent of EUR 4.9 million. The share of the Hamburg biotechnology group established itself today in the area of ​​the all-time high. At the tourism group TUI the way is now free for state aid and a capital increase. After yesterday’s price gain, the paper looked little changed today.

Important appointments

  • China – Caixin PMI for China
  • Germany – Markit Purchasing Managers’ Index Germany, December
  • Germany – consumer price index
  • Europe – Markit Eurozone purchasing managers’ index, December
  • France – Consumer Confidence, December
  • France – consumer prices, December
  • USA – ADP Labor Market Report, December
  • USA – Industrial orders, November

Chart technical outlook

Resistance marks: 13,680 / 13,730 / 13,890 points

Support marks: 13,500 / 13,580 points

The DAX® continued the consolidation course it started yesterday afternoon and at times fell below 13,600 points. At the close of trading, the index was able to distance itself from the daily low. The short-term trend is still down and the bulls are warned. On the underside, the DAX® finds a support zone between 13,500 and 13,580 points. As long as it lasts, there is a chance of a rebound up to 13,680 / 13,730 points. If the index dips below this range, there is a risk of a more pronounced setback.

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

old
Observation period: December 6th, 2020 – January 5th, 2021. 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: January 6, 2014 – January 5, 2021. 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

UnderlyingWKNSelling price in EURBase price / knock-out in pts.Last valuation day
DAX® indexHR1PQW10.8812,900March 16, 2021
DAX® indexHR1PRA9.5913,450June 15, 2021
Source: HypoVereinsbank onemarkets; 05/01/2021; 5:48 pm

Put warrants on DAX® Index for speculation on a price loss of the index

UnderlyingWKNSelling price in EURBase price / knock-out in pts.Last valuation day
DAX® indexHR1PQZ4.4513,300March 16, 2021
DAX® indexHR1PRG5.8012,900June 15, 2021

Source: HypoVereinsbank onemarkets; 05/01/2021; 5:49 pm

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The daily outlook for January 6th: DAX easier. Oil and gold shine! 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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