The DAX future / DE30 has given back all the gains from last week.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appSource: xStation5
W1 chart
The psychologically significant level of 16,000 points has so far prevented the index from experiencing a more significant decline. A return above the 16,135 level could potentially restore optimism. However, if a swift recovery fails to materialize, there is a possibility that the important support zone between 15,816 and 15,591 points will be tested.
Source: xStation5
M15 chart
The long-term downtrend since last Monday remains intact, indicating that further losses could follow. To signal a trend reversal, the index would need to reclaim the local high at 16,069 points and surpass the moving averages. A crossover would serve as an additional confirmation signal.
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
