Read more

DE30 tries to recover

3:43 PM 20 January 2022

The German benchmark index is testing an important resistance level. 

D1 chart

The DE30 recovers on Thursday and tests the horizontal trend line at 15,837 points. The mark dates back to the close on December 30 (local low) and has served alternately as support and resistance since then. A return above would significantly improve the technical picture.

Source: xStation5

H1 chart

In the short term, buyers have repelled sellers' attacks several times and may have initiated a new uptrend by yesterday's rise above the local high (red arrow). The DE30 had reacted to the 50% retracement (see circles) twice in the past two days and formed a large Bullish Engulfing.

Source: xStation5

Maximilian Wienke, CFTe
XTB Germany
 

Share:
Back

Market News

01.07.2025
07:56

Economic calendar: PMI data and Sintra conference in focus

Futures contracts on European stock indices are trading without a clear direction ahead of the cash session Investors' attention will focus on...

 06:41

Morning Wrap (01.07.2025)

Sentiment on Asian markets remains positive following yesterday's gains on Wall Street. Markets in China, Australia, and New Zealand are gaining...
30.06.2025
19:16

Daily summary: Dollar Dips, while US Indices Reach New All-Time-Highs (30.06.2025)

American indices close Q2 2025 at new record highs amid a more dovish Federal Reserve narrative and expected trade agreements between the US and...
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