Dusseldorf For eight trading days, the Dax has been in a trading range of just 245 points or the equivalent of 1.5 percent. On the upside it has closed at 16,240 points since July 13, on the downside at 15,595 points.
Today’s trading day does not change anything about this sideways movement. In the afternoon, the Dax was listed at 16,212 points and thus almost unchanged compared to the previous day’s close.
Such phases with little movement are usually replaced by a dynamic price movement. It would be a surprise if the Dax rose above the previous July high of 16,240 points towards a record high of 16,427 points. But investors should not rule that out.
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Further