The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.
The logical consequence was a further consolidation.
Due to this the support at 11,454/11,467 was broken down. Currently the DAX is trading below the retracement (38.2 per cent) at 11,250.
Below this support on closing price the next target would be the psychological level at 11,000. Further supports are the exponential 200 days moving average at 10,947 and the simple 200 days moving average at 10,841.