DAXEUR

The DAX40 index is closed today due to year-end closures and the holiday period affecting global markets. As the German stock exchange is closed, there will be no trading on the index. While a mixed trend is observed in Asian markets, global economic developments and trade tensions in the U.S. are increasing uncertainty in the markets. Therefore, especially in the short term, global economic data and geopolitical developments will be determining factors for the direction of the DAX40.

From a technical perspective, when we look at the DAX40 index, we see that pricing remains below the resistance area of 20095 – 20280, where the 50 and 100 period moving averages are located. This situation causes the negative outlook to persist. It is a likely scenario that the index may experience pullbacks towards the levels of 20000, 19900, and 19800. The RSI indicator also exhibits a negative outlook below the level of 50. It should be noted that the index needs to make sustained movements above the 20280 area to start rising. In the current situation, it is noteworthy that the index has declined by 0.50% compared to the previous day.