DAX 40

Bullish

Archived analysis from Nov 4, 2026, 9:20 PM

Key insight

26,618 prior ATH flipped to support; DAX trades at all-time high with Oil -8.6% removing the Iran risk premium that capped the index since late October.

26,655 clears Aug 2026 ATH at 26,618 — new record confirmed on massive volume as US midterm clarity and oil crash fuel a broad Europe rally.

Main risk

Iran Geopolitical Re-escalation

US strikes on Qeshm Island already rattled DAX -1.2% intraday Tuesday; renewed escalation would spike oil and kill today's breakout.

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