DAX 40
BearishArchived analysis from Oct 30, 2026, 2:21 PM
Key insight
26,619 all-time high (28 Aug) sits 2.9% above — bulls need ECB follow-through and oil pullback to close that gap; Friday tech drag + oil spike stall the run at 26,000.
Pulls back -0.78% to 25,868 after four-day rally; Amazon & Intel earnings miss drags tech, oil at $103.8 adds cost pressure — 26,000 round number now resistance.
Main risk
Oil spike & US tech earnings miss
Oil at $103.8 (+1.7%) squeezes margins; Amazon & Intel misses ripple into DAX tech/industrials, threatening 25,600 support.
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