DE30: Can the buyers prevent worse?

12:23 PM 25 May 2023

The DAX future / DE30 falls to a multi-week low today. 

Source: xStation5

W1 chart

The leading index has dipped into a stronger support zone defined by the following boundaries: 15,891 and 15,816 points. The area is of great importance as the bulls have been buying there repeatedly in recent weeks.

Source: xStation5

M15-Chart

A clear downtrend is in place as lower lows have been reached below the moving averages since yesterday morning. The low at 15,756 points needs to be broken to confirm the trend. The key resistance is the high at 15,919 points.

Source: xStation5

Maximilian Wienke, CFTe
XTB Germany

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits