Markets

Outlook for June 3rd: DAX is trending sideways, markets are waiting for Beige Book columns

Resistance marks: 15,685 / 15,895 points

Support marks: 15,568 / 15,502 / 15,380 / 15,311 / 15,111 / 14,845 points

The DAX® defended the support at 15,568 points on Wednesday and thus also the buy signal that was triggered. But the bull’s power was not enough for new all-time highs. The bulls have a slight advantage above 15,568 points. The new all-time high at 15,685 points acts as resistance. On the other hand, the short-term chart would deteriorate again below 15,568 points. Deductions in the direction of 15,500 points and below 15,400 points would be the result.

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

old
Observation period: 04.05.2021– 02.06.2021. Historical considerations are not reliable indicators for future developments. Source: Guidants

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

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Observation period: June 1, 2016 – June 2, 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

UnderlyingWKNSelling price in EURlower barrier in pointsupper barrier in pointsLast valuation day
DAX® indexHR5YJ45.4810,80016,00007/15/2021
DAX® index<~ text text = "HR6UWE"> 3.8814,00016,20008/19/2021
Source: HypoVereinsbank onemarkets; 06/02/2021; 5:50 pm

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

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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

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