DAX 40
BullishArchived analysis from Sep 25, 2026, 3:32 AM
Key insight
25,409 extends a multi-month breakout above 24,500 ATH resistance-turned-support. ECB in easing mode and S&P 500 at 7,705 underpin risk appetite; next resistance is the psychological 26,000 round number.
25,409 holds above the 200-day MA near 23,800 and prior ATH cluster at 24,500 — trend structure intact; EUR/USD at 1.137 softens export headwinds modestly.
Main risk
Oil spike above $95 / energy inflation relapse
Oil at $92.5 but -2% today; a reversal above $95 revives ECB pause fears and hits DAX industrials at the 25,000 round support.
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