Technical Update - DAX/GER40
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Despite US equities closed higher yesterday DAX doesn’t seem to be able to break higher. For the rebound since the 7th March trough around 12,500 to regain traction DAX needs to close above the Bear Engulfing formed Wednesday. A Bear Engulfing candle is top and reversal candle. If that scenario plays out a test of 15K is likely.
If the GER40 cfd/future breaks above 14,580 it will be a good indication 15K could be tested.
A daily close on DAX below 13,989 is likely to bear trend to resume. RSI is still below 60 which indicates the bear trend to resume.
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.