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DAX – Quiet Holiday Trading – Columns

The DAX® has been moving sideways since today on the Corpus Christi holiday, neither bulls nor bears can set decisive accents.

The index is currently consolidating sideways, above the important horizontal support in the area of ​​15,540 / 60 points. The bears have not yet been able to crack these. However, the buyers have lost all their strength, so the index is currently moving sideways in a narrow trading range in the run-up to tomorrow’s US labor market report.

Due to today’s public holiday in some federal states (Corpus Christi), a greater urge to exercise is not to be expected again until the afternoon.
In the short term, an outbreak of the trading range in the hourly chart indicates the direction, until then the sideline is not a wrong option.

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

old

Observation period: May 19, 2021 – June 3, 2021. 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: June 1st, 2016 – June 2nd, 2021. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

Turbo Bull on DAX® Index for speculation on an upward movement of the index

UnderlyingWKNSelling price in EURBarrier in pointsleverLast valuation day
DAX® indexHR2ZZZ 37.0311,870.604.21open end
DAX® indexHR6K6J 11.7814,42513.2406/30/2021
Source: HypoVereinsbank onemarkets; 06/02/2021; 11:19 am

Turbo Bear on DAX® Index for a speculationion to a downward movement in the index

UnderlyingWKNSelling price in EURBarrier in pointsleverLast valuation day
DAX® indexHR6LAY 21.7817,7257.1506/30/2021
DAX® indexHR5L8E 13.0816,92511.9706/30/2021
Source: HypoVereinsbank onemarkets; 06/03/2021; 10:05 a.m.
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The contribution DAX – Quiet holiday trading first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

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