Markets

Outlook for June 4th: DAX curbs price losses, US labor market data in focus – columns

Resistance marks: 15,685 / 15,895 points

Support marks: 15,550 / 15,500 / 15,380 / 15,311 / 15,111 / 14,845 points

The DAX® initially trended sideways for a long time on Thursday morning, but then briefly but sharply slipped below the short-term relevant support in the area of ​​the previous week’s high of 15,540 / 60 points in the course of trading in the early afternoon. For a short time the index was quoted well below the 15,500 point mark, but was able to equalize all price losses in the late afternoon and still increase significantly compared to the day.

The bullish reaction to the excursion southwards underscores the continued predominance of buyers. As long as the 15,500 point mark is not undercut again at the end of the hour, the path of least resistance from a technical chart point of view is north to new all-time highs in the 15,700 / 800 point range.
DAX® in points; 4-hour chart (1 candle = 4 hours)

old

Observation period: May 4, 2021 – June 3, 2021. Historical considerations are not reliable indicators for future developments. Source: Guidants

DAX® in points; Monthly chart (1 candle = 1 month)

old
Observation period: June 1st, 2016 – June 3rd, 2021. Historical considerations are not reliable indicators for future developments. Source: Guidants

Inline warrants on DAX® Index for speculation on a sideways movement of the index

Underlying WKN Selling price in EUR lower barrier in points upper barrier in points Last valuation day
DAX® index HR5YJ4 4.84 10,800 16,000 07/15/2021
DAX® index HR6UWE 3.34 14,000 16,200 08/19/2021
Source: HypoVereinsbank onemarkets; 06/03/2021; 5:23 pm

More leverage products for speculation on an upward or downward movement or sideways movement of the DAX® can be found here.

Cashback trading – when the issuer pays my order fees!

Place orders as usual through your broker or bank. Activate cashback via the Cashbuzz website. Get a credit of up to 50 euros per trade (for trades from 1,000 euros) up to a maximum of 1,000 euros per month. Further information at: www.onemarkets.de/cashback

Tags

Related Articles

Back to top button
Close
Close