The DAX-Future / DE30 is showing signs of recovery this week.
Source: xStation5
W1 chart
The strong support zone between 15,816 and 15,891 points has once again prevented a more significant correction. Bulls see this as an opportunity for further recovery and possibly even a new record high.
Source: xStation5
M15 chart
However, the further course of action also depends on the smaller trend structure. The index has risen in the short-term but has entered a sideways phase. A breakout to the upside would strengthen the confidence of the bulls. If there is a break to the downside, the aforementioned support zone would come into focus.
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
Economic Calendar: US Inflation Key for Markets — Today’s Most Important Data Release of the Week
Daily Summary - Oil gains due to uncertainty, market awaits inflation data
US Open: Nasdaq Seeks Direction 🗽 Hims & Hers Shares React to Earnings
Market Wrap: Energy Leads Gains in Europe, ASML Rebounds 🔼 Alcon Rises 4% After Earnings
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.
