The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf After a pleasing start to trading, the German stock market is about to test the lows of the past few weeks. After a daily high of 12,870 points, the Dax slipped to 12,594 points on Tuesday afternoon, a drop of 1.9 percent.
With the daily low of 12,586 points, the leading index marked a new three-month low. All the stabilization tendencies of the past few days are gone. Now there is a risk of slipping towards the low for the year, which was reached in March with 12,439 points.
The situation on the market thus remains fragile. From a technical point of view, there are first signs of relaxation only at prices above 13,000 points. This area has been the focus of bulls and bears for the past month.
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