DAX 40

Key insight

Oil crashing -6.4% to $78 on US–Iran ceasefire hopes is a structural tailwind for European industrials and carmakers — the DAX's most rate-sensitive and energy-cost-exposed sectors — making today's breakout to all-time highs more than just a risk-on bounce.

DAX has broken to a fresh all-time high at 25,953 today, reclaiming the July record peak and clearing the 1-year Higher Highs trend-line on the back of US–Iran diplomacy progress and a sharp oil price collapse.

Main risk

Weekly RSI Bearish Divergence at All-Time High

The 1-week RSI is tracing a 1-year Lower Highs trend-line even as price hits fresh records at 25,953, a classic bearish divergence that historically precedes sharp corrections of 5–10% on the DAX.