Dusseldorf The Dax has reached an exciting point. Will the leading German index make the sustained breakout of the four-week trading range? Then the Dax should continue to rise towards 15,000 points.
The eruption on Tuesday was probably only a two-hour interlude. According to chart technology, this was a so-called false breakout with a high probability that the leading index will test the lower limit of the sideways trend in the coming sessions. That would be prices around 14,150 points. The final decision is likely to be made by the US interest rate decision after the stock market close in Germany.
On today’s trading day, the leading index closes at 14,460 points and, with a minus of around 0.3 percent, remains well below the upper limit, which is 14,584 points.
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