DAX 40
BullishArchived analysis from Oct 28, 2026, 9:20 PM
Key insight
25,724 trades just below the 2026 ATH zone near 26,000 — a clean break there opens 26,500. Oil at $101.5 lifts energy names but pressures input costs for industrials.
Holds above 25,500 round support with +0.4% gain; trend structure intact above 200-day MA near 23,800 and EUR/USD at 1.1155 limits export headwinds.
Main risk
Oil at $101.5 — Input Cost Squeeze
Brent +2.2% to $101.5 compresses margins for German auto and chemical exporters; sustained above $100 historically drags DAX earnings revisions lower.
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