Dusseldorf Groundbreaking trading days are imminent on the German stock market. They should probably provide an answer to the question: will the ongoing bear market rally turn into a sustainable trend reversal or not? For Martin Utschneider, technical analyst at private bank Donner & Reuschel, “the start of the week today and today’s closing price are of great importance in view of the overall situation”.
At the start of the trading week things continue to rise. The leading index is down 0.7 percent in the morning and is trading at 13,560 points. With today’s daily high of 12,563 points, the Dax has been extending its upward trend since the end of September. Since then, the stock market barometer has increased by 14 percent, an increase of almost 1,700 points.
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