Limited increase in the investors’ risk appetite brought purchases to DAX40. However, Ifo data indicated the companies would put a weak performance due to the rising natural gas prices and thus downward movement would posibly continue. Technically, unless the index exceeds the upper limit of the intermediate descending trend, negative movements will continue and below 15 460 level, decreases will target 15 350 and 15 230 levels. On the other side, 15 700 and 15 820 resistance levels will be on our radar.