DE30 approaching all-time highs!
Despite the lack of a cash session, DAX futures are gaining 0.5% and testing historic highs
Due to Whit Monday, the stock exchange session in Germany and on several other markets is not taking place. This does not mean, however, that there is no session on futures. The DE30 seizes the opportunity and gains along with the strengthening of the euro and the rebound in German bond prices (lower yields). The DE30 tests an important zone marked by 2 previous peaks, which were also the highest levels ever recorded. The all-time high was set on April 16 at 15,525 pts. As one can see, the index is only a dozen or so points short of this level, which gives a chance to establish a potential new historical high today. Of course, the zone associated with this level can also be used by sellers to take their positions. The nearest major supports are located around 15,300 pts and 15,100 pts.