The German leading index has already reached several new highs this year.
(Photo: Bloomberg Creative/Getty Images [M])
Düsseldorf to me Dax He managed to jump over the 15,600 point mark on Tuesday. At the close of trading, it rose by one percent at 15,757 points. The DAX could have started its rally towards the end of the year.
From the technical point of view of the chart, the 15600 point mark is an important resistance on the way to new highs. Now it appears that the DAX has breached this long-term resistance. It did indeed take a trip above that level on Monday, but then pulled back and closed the trade 0.4 percent firmer at 15,599 points.
At the beginning of the week, the leading indicator moved in a range of only 90 points, with the trading range within the range of the previous day – the so-called inside day. The indicator has now reflected this on the inside.
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