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DE30: Will the key zone be defended?

12:49 PM 1 June 2023

The DAX future / DE30 is turning higher today and recovering.

Source: xStation5

W1 Chart:

The support zone between 15,816 and 15,891 points is once again being tested this week. The index briefly traded at 15,649 points, marking a 2-month low, but buyers have responded to the breakout level at 15,698 points.

Source: xStation5

M15 Chart:

The DAX has managed to establish itself above the moving averages today. The crossover confirmed the short-term change in direction. The daily high at 15,885 points needs to be surpassed to confirm the trend. Two important support levels are marked in green - they need to hold.

Source: xStation5

Maximilian Wienke, CFTe
XTB Germany

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