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)
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)
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|
Source: HypoVereinsbank onemarkets; 06/03/2021; 5:23 pm
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