Dax remains above the important 200-day line – what investors are likely to face now

Dusseldorf For the first time since the beginning of the Ukraine war, the leading German index has exceeded the 200-day moving average. With 13,662 points, minus 0.2 percent, in the first hour of trading, the Dax is still above this line, which is 13,618 points. The leading index closed yesterday, Wednesday, at 13,688 points, plus 1.2 percent, well above this line.

Not only many investors base their investment decisions on this important line, but also many technical trading systems. Therefore, a sustained breach of the 200-day line could result in some follow-up buying. Now it is important not to fall below this line in the long term. The next stop on the upside is the August high of 13,948 points.