DAX 40
BullishArchived analysis from Sep 14, 2026, 8:44 PM
Key insight
25,500 round-number resistance is the immediate gate — clear it on volume and the 2026 all-time high near 26,200 opens up. Failure risks a pullback to the 50-day MA at 25,050.
25,489 holds above the 200-day MA near 23,800 and the 2025 breakout zone at 24,000 — uptrend structure intact despite EUR/USD softness at 1.1547 weighing on exporters.
Main risk
Oil at $98 — stagflation squeeze
Brent near $98 compresses German industrial margins; sustained above $100 forces ECB to hold rates longer, capping DAX multiples.
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