Traders could see some heavier swings in the German index today since today is the last big expiration in the DAX-Future with data from the EUREX showing that there is relatively high interest at the 13,400 point mark.
Price action over the last days has clearly shown that market participants are interested in holding the DAX30 CFD below 13,400 points.
But if bulls gain control and we get to see an attack and break before 12pm GMT (this time and Options expire at the EUREX), a short-squeeze could be the result, pushing the German index in an expected thin market environment up to 13,600 and into the region of current all-time highs.
In general, and from a technical basis, this stays an option as long as the DAX30 CFD trades above 13,080/100 points, and if we don’t get to see such a push higher today (which seems likely, given the fact that the DAX30 CFD currently trades substantially below 13,400 points), such a run has an elevated chances to be seen into the start of 2020.
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