DAX - the rally continues
Technical analysis of the DAX index - viewed in the D1 chart
The German benchmark index DAX seems to want to end its consolidation phase and in this context only recently turned up again in the support area of 15,450 to 15,500 points. US labor market data (NFP) are back on the agenda for Friday. These could provide further boost towards a new all-time high. Prices over 16,000 points therefore only seem like a question of time. From a medium-term projection perspective, further upside potential of up to 16,665 points is permitted above this round price mark. Accordingly, the bulls stay on course and ensure the continuation of the rally movement, which can generally be defined as absolutely intact. However, increased volatility must be taken into account on Friday. The cards for the further course of the course will be shuffled in July.
In any case, it would only become critical for all bulls if they fell below the reaction low of June 21. Quotes below 15,300 points allow further losses towards the 14,800 point mark.
Note:
Despite careful analysis, Global Investa does not accept any liability for the content, topicality, correctness or completeness of the information provided.
The German benchmark index DAX seems to want to end its consolidation phase and in this context only recently turned up again in the support area of 15,450 to 15,500 points. US labor market data (NFP) are back on the agenda for Friday. These could provide further boost towards a new all-time high. Prices over 16,000 points therefore only seem like a question of time. From a medium-term projection perspective, further upside potential of up to 16,665 points is permitted above this round price mark. Accordingly, the bulls stay on course and ensure the continuation of the rally movement, which can generally be defined as absolutely intact. However, increased volatility must be taken into account on Friday. The cards for the further course of the course will be shuffled in July.
In any case, it would only become critical for all bulls if they fell below the reaction low of June 21. Quotes below 15,300 points allow further losses towards the 14,800 point mark.
Note:
Despite careful analysis, Global Investa does not accept any liability for the content, topicality, correctness or completeness of the information provided.
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