DAX

The strengthening of mega-cap technology stocks such as Nvidia and Tesla in the US and the better-than-expected unemployment benefit application data easing fears of an economic recession also supported the DAX40 index upwards. When we examine the DAX40 index in the short term, it is seen that the index has recovered above the 17125 bottom point after yesterday's negative pricing. The 17965 level stands out as an important reference point in the index's movements. As long as it remains below the 17965 level, declines towards the 17710 and 17605 levels may be experienced. Alternatively, a recovery or reaction purchases towards the 17965 region may be seen. However, it should not be forgotten that even if such a recovery occurs, the main trend remains negative below the 17965 region. Support: 17710 - 17605 Resistance: 17820 - 17965