DAX40 Hits One-Month High



In the shadow of the improvement trend in the investor risk atmosphere in financial markets, the fact that natural gas prices in the Dutch TTF fell to 115 euros for the first time since June, continues to support DAX40, creating hopes that the cost pressure on German companies will ease. Technically speaking, it is seen that the DAX40 index is heading towards the recovery path by completing the descending wedge formation. Above, the psychological 13 000 is critically important. Breaking this level could consolidate the reactions in a way that makes it possible to reach 13 175 resistance. In the declines, 12 650 and 12 480 supports will be followed.