Review
After the Dax index was already in profit at the close of trading on Friday at 12641 points,
it could move further up today with 1.3% so far.
The price last marked the ongoing downtrend with a low at 11862 points. What’s coming up in the week ahead?
Outlook
The chart situation in the daily chart has changed little or nothing in the past weeks.
In the area around 12620, a medium-term relevant horizontal support has been established.
The next important support is found in the area of 13535 points. If the price continues to stay above the support and respects it, this can be interpreted as a bullish signal.
However, if this is breached, we could see a downward movement to 12100 points.
Otherwise, the price could rise to the aforementioned support. Should this be breached,
we could see a further rise to above 14000 points, otherwise the price could continue to hold at 13200 points.
dates that could influence the further course of the share price:
Tuesday 10:00 am:
Ifo Business Expectations Index Germany (Oct)
Ifo: Current Situation Assessment Germany (Oct)
ifo Business Climate Index Germany (Oct)
Thursday 8:00 am:
GfK Consumer Climate Germany (Nov)
Friday 10:00 am:
Consumer Price Index (CPI) Germany (year) (Oct)
Consumer Price Index (CPI) Germany (month) (Oct)
Gross domestic product (GDP) Germany (year) (Q3)
Gross domestic product (GDP) Germany (quarter) (Q3)
