DAX40 is likely to decline towards 14 000






DAX40 rose slightly due to the negotiations between Russian and Ukrainian delegates. However, high oil and natural gas prices continue to put cost pressure on German companies and they are still a huge negative factor for the German index. Technically, as long as it stays below 14 850, downward movements are likely to continue towards 14 420 and break minor ascending wedge. In this case, we will follow 14 195 and 14 000 support levels