Read more
10:50 · 10 June 2021

DE30: What's next after the V-shaped recovery?

The German benchmark index is in recovery mode, but faces resistance.

M30 chart

The DE30 managed to recover from the initial losses in a V-shape and is currently testing a key resistance area after forming a double bottom slightly above the round 15,500 level. Buyers are hitting the swing level at 15,605 points and the upper boundary of the bearish flag pattern. An upside breakout would confirm the reversal, while a bounce would see sellers maintain their advantage.

Source: xStation5

D1 chart

Buyers managed to defend the crucial support area for the second time this week: The lower boundary of the rising wedge that began with the May low (14,806 points) and the price zone at 15,526 points, which has acted as support since the breakout on the first day of June. The new bounce raises hopes of a new attack on the record high formed on Monday. The RSI could confirm the trend by a break above the 70 mark.

Source: xStation5

Maximilian Wienke, CFTe
XTB Germany
 

6 March 2026, 18:59

Daily summary: Indices and crypto decline amid rising oil prices 🚩 Gold and the US dollar move higher

6 March 2026, 17:51

Oil surges 11% amid escalating Middle-East conflict 📈VIX gains driven by fear on Wall Street

6 March 2026, 17:33

BREAKING: Iran signals Europe will be 'a legitimate target' if EU joins war

6 March 2026, 16:17

Wall Street tries to stop the deeper decline 🗽Marvell Technology jumps 10%

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.

Join over 2 Million investors from around the world