16 000 will be decisive in DAX40



 
Investor stress is low in international markets. And ECB's monthly report indicated that economic recovery continues despite coronavirus variants and the energy crisis. As a result DAX40 index set a new record again. If the index stays above  16 000, bulllish momentum will take it to 16 190 and 16 275 resistance levels. In case of a decline below 16 000, 15 920 and 15 815 support levels will be on our radar.