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- German DAX Index to continue to rise into the zone between 14,500 and 15,000 – Commerzbank
German DAX Index to continue to rise into the zone between 14,500 and 15,000 – Commerzbank
FXStreet reports that Commerzbank’s top-down equity strategists continue to expect an overshooting German DAX above 15,000 in H1, ending the year at 14,200.
“We interpret the powerful global M1 money growth as a key signal that the current equity bull market should continue for several months. Hence, we are convinced that the DAX will rise above the 15,000 mark in H1 2021. The (trading) buy signals in the DAX have improved. The overall technical situation for the DAX suggests further all-time highs and a rise into the zone between 14,500 and 15,000 points.”
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