Read more

DE30: Investors undecided after shooting star

4:22 PM 6 January 2022

Is the German leading index heading for a stronger correction?

D1 chart

The DE30 is trading flat on Thursday shortly after the US opening as intraday losses were recovered. If the index closes at this level or higher, the shooting star formed yesterday below the all-time high would not be confirmed.

Source: xStation5

H1 chart

In the hourly chart, the short-term structure within the broader upward impulse is bearish due to yesterday's drop below the local low (16,062 points). However, so far the sellers have not been able to control the market. The DE30 recovered slightly and is trying to hold above the 16,062 point area.

Source: xStation5 

Maximilian Wienke, CFTe
XTB Germany
 

Share:
Back

Market News

09.07.2025
09:47

Trump announces 50 % tariffs on copper 📃🔎

President Trump confirmed he will impose a 50 % tariff on imported refined copper, a sharp jump from today’s single-digit rates and now aligned with...

 08:11

RBNZ holds rates and signals potential for further easing ✂📣

OCR remains at 3.25%; decision unanimous despite considering a 25 bp cut Inflation path: peak around 3% in mid-2025, declining to ~2% by early 2026 Further...

 07:38

Chart of the day - USDJPY (09.07.2025)

The USD/JPY pair continues its upward trajectory, breaching the resistance zone between 146.5 and 147. This marks its highest level since the latter half...
More news

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

Start trading Download the app Download the app
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