DAX40 started to recover


Positive news related to the Russia – Ukraine line have led to strong falls in oil prices and other energies, leading to rises in DAX40 as it will relieve the cost pressure on German companies. Technically, the index has put an end to the descending trend and if it exceeds 14 500, we will follow 14 665 resistance level closely. On the other side, 14 000 located below 14 175 will be on our radar.