The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf The Dax managed to jump over the 15,600 point mark on Tuesday. At the close of trading, it was one percent up at 15,757 points. During the course of the day, the German benchmark index even exceeded the 15,700 mark at times. The Dax could have started its year-end rally.
From a chart technical point of view, the 15,600 point mark is an important resistance on the way to new record highs. Now the Dax seems to have broken through this resistance over the long term. It had already taken a trip above that level on Monday but then fell back and closed the trade 0.4 percent firmer at 15,599 spots.
At the beginning of the week, the leading index moved within a range of just 90 points, with the trading range within that of the previous day – a so-called inside day. The index has now resolved this inside day upwards.
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