DAX 40

Key insight

The DAX is trading within touching distance of its all-time high (≈25,900 area 52-week ceiling), and a confirmed close above that level would open the door to technical analyst targets of 27,200 and 28,800; failure here risks a swift reversal.

The DAX is pressing against its 52-week high at ~25,900 with momentum supported by a +2% July monthly gain, sharply falling oil prices (-6.1%), and easing US–Iran tensions — a confluence that tilts the risk/reward to the upside.

Main risk

Weekly RSI Bearish Divergence at 52-Week High

The 1-week RSI is forming a Lower Highs trend-line even as price tests the 1-year Higher Highs resistance at ~25,900 — a classic bearish divergence that historically precedes sharp corrections.