DAX40 goes downwards






Despite the negotiations between Russian and Ukrainian sides, rise in energy instruments continues to put pressure on German companies in terms of cost problems, leading to falls in the German index. As a result, DAX40 continues to decline within Fibonacci Wave 3 and if it breaks 13 445 level downwards, we will follow 13 250 support closely. Against possible slight rises in the index, 13 815 – 14 000 resistance zone might be considered.