DAX40 continues to decline




In Germany, discussions for establishing a government is coming to an end and we observe DAX40 raises. Data released by IHS Markit today on German economy indicate loss of momentum in leading sectors of Germany, showing that sales momentum will continue in the index. Technically, DAX40 is still in the minor descending trend anc decreases below 15 445 will possibly deepen to 15 310 and 15 185 support levels. On the other side, if we see it exceeding the upper band of the trend upwards, we will follow 15 700 and 15 830 resistance levels.