FDAX:
Viewed from the hourly chart, the DAX is still in the long mode and has found its present course high at 10804 points. The current correction zone of the large trend runs between 10472 and 10088 points on the lower side. As long as a closing price does not underbid this correction box, the trend can continue on at any time.
Nasdaq 100:
As can clearly be seen in the chart, we are in an extremely mature trend stage. The current correction represents the 12th of its kind, making the probability of a trend break ever bigger. However, two facts remain the same. As long as the green correction zone is not undercut by a closing price, this trend can continue on once more. Although this is very unlikely due to the existing trend maturity, it is not impossible. If a trend break does nevertheless occur, this does not necessarily mean that a downward trend has to develop from this. A trend break such as this can also simply serve to start a new uptrend with renewed vigor. One should be prepared for both possibilities.
Oil (Brent):
The oil of the North Sea variety Brent was able to grow rapidly in the last couple of weeks, after Iran also contributed to the reconciliation of various disputes. The last course high is at $51.12, meaning that the last valid correction zone is located very far away, therefore leaving a lot of leeway for further speculations. Currently, we are in a correction again, which has space exactly up to said correction zone.
IMPORTANT NOTE:
Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer’s investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.