DE40

DAX INDEX Last week, Eurozone inflation was seen to rise on an annual basis in headline data. The Dax index closed the week in negative territory, and opened the first trading day of the week at 16580. As long as the DAX index remains below the 16526 - 16600 region with support from the 34-period average, negative expectations are at the forefront. In possible pullbacks, the 16450 - 16380 levels can be monitored as support. For positive expectations, the index can be expected to rise above the 16600 level. In this case, the 16680 - 16740 levels can be monitored as resistance. Negative expectations are at the forefront below the 16526 - 16600 region. Support: 16450 - 16380 Resistance: 16680 - 16740