The German benchmark index extends weekly gains by more than 150 points on Thursday.
D1 chart
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Create account Try a demo Download mobile app Download mobile appWith today's rise, the DE30 breaks through resistance at 13,674 points and may have unlocked upside potential to the next important hurdle - the June high at 14,707 points. As long as the support at 13,326 points holds, a further recovery against the medium-term trend direction remains most likely.
Source: xStation5
H4 chart
This week, the bulls used the defence of the low at 13,332 points and the bounce off the 38.2% retracement of the previous upward impulse for a new attack. The uptrend was confirmed by higher highs yesterday. Today, the gains are extended further - the index reaches its highest level since June 10.
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
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