The German benchmark index tested the psychological mark of 14,000 points on Thursday.
D1 chart
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Open account Try demo Download mobile app Download mobile appThe DE30 continues its recovery course, gaining around 3% or 400 points since the weekly low reached yesterday. Despite the strong efforts of the bulls, the rise represents only an upward correction in the short-term downtrend. A break above the high at 14,182 points would improve the technical situation.
Source: xStation5
H1 chart
After breaking above the local high at 13,861 points, the DE30 shows a bullish structure - moreover, the moving averages were broken. Nevertheless, the decisive factor for a change in direction is the reaction at the above-mentioned resistance. As long as the support at 13,824 points (local low) holds, at least a test would be possible.
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
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