DAX 40
NeutralArchived analysis from Nov 3, 2026, 4:31 AM
Key insight
26,200 ATH acts as hard ceiling; break above on volume targets 27,000. Failure to reclaim 25,900 intraday keeps bears in control for a retest of 25,400 200-day MA.
25,795 holds above the 50-day MA (~25,600) but stalls 1.5% below the 2026 all-time high at ~26,200 — sideways chop with no clear breakout catalyst.
Main risk
Oil at $95.9 — energy cost shock
Brent near $96 squeezes German industrial margins; DAX Industrials sub-index historically underperforms when Brent exceeds $90 for 4+ weeks.
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