DAX 40 hits record high with 27,000 in view

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DAX 40 hits record high with 27,000 in view

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DAX

The DAX 40 has set a new all-time high, with the 27,000 mark in view. IG's technical analyst sees previous peaks as possible support and keeps both the short-term and medium-term outlooks bullish.

The DAX 40 hit a new all-time high, and the 27,000 mark is now being eyed.

Old peaks may now act as support

Previous highs may now act as support. They include the 5 November peak at 26,693 and the August highs at 26,618-to-26,573.

Outlook stays bullish above two levels

IG's analysis rates the short-term outlook as bullish while the DAX holds above the 9 November high at 26,276. The medium-term view is also bullish while above the 6 November low at 25,618.

Source: IG – News and trade ideas

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