Dusseldorf The Dax expands its consolidation. Because for Jochen Stanzl from the online broker CMC Markets, “the reason that many have been looking for to take profits after the strong rally is there: the uncertainty about what follows next week from a monetary policy perspective”.
In the first hour of trading, the leading German index was at 14,316 points, down 0.2 percent. The stock market barometer has thus slipped below its two-week trading range, which should result in further price losses.
The next support is between 14,150 points, the lowest point of the mini-consolidation in mid-November, up to the high of August, which is 13,948 points. Martin Utschneider, technical analyst at private bank Donner & Reuschel, expects a Dax trading range today, Wednesday, between 14,343 points on the upper and 14,157 points on the lower side.
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