Market news
22.03.2021, 09:59

DAX to keep elevated above 15000 in 2021 – Commerzbank

FXStreet reports that economists at Commerzbank discuss DAX prospects.

“As the DAX has now started moving up with a new higher-level investment buy signal, the technical bull market cycle continues.” 

“We have seen a ‘normal’ bull market trend with high momentum in the DAX – since the Corona bear market movement (sell-off at 8255 points in March 2020). This momentum seems set to weaken, especially in H2 2021.” 

“Both the new investment buy signal and the appealing DAX market breadth suggest that the former technical interim target for 2021 (entry into the zone from 14500 to 15000 points) is too conservative. The new technical interim target for 2021 should be the zone between 15000 and 15500 points.”

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