The German share index yesterday posted a deep red decline of -1.80%. Today, the DAX was able to close in positive territory, mainly thanks to the technology, transport & logistics and insurance sectors.
At the end of the day, the DAX was + 0.51% and the MDAX rose by 0.34%.
The top performers in the DAX today were Infineon (+ 4.07%) and Bayer (+ 2.04%).
Things could get exciting again on the last trading day of the week and month. In the four-hour chart, the DAX is between its 20 and 200 day line and could not break the area at 13,700 for a long time.
The DAX could get renewed support in the 13,580 area. If the level falls below 13,430 points in the course of tomorrow’s trading, it looks critical for the DAX.
On the upside, the DAX will encounter resistance at 13,700 and then at 13,800.