DAXEUR

In this period where the agenda of Artificial Intelligence wars has shaken the markets, it seems that we are entering a normalization process following the sharp corrections observed. Global stock indices are striving to recover their losses. Last week, the SP500 index attempted to recover from the 5900 level while approaching the October peak (6163), while the Dax40 index is limiting its decline at 21200 and trading near the 21650 peak. Before completing the first month of the new year, global markets are focusing on the first meeting of the U.S. Federal Reserve and the decisions of the European Central Bank.

When we examine the Dax40 index from a technical perspective, the lower point of the short-term Envelope indicator (21350) and the 21-period average (21453) stand out as significant levels. The index can maintain its positive outlook above these reference points. Possible upward movements towards the levels of 21650, 21775, and 21850 can be monitored. Particularly, the upper point of the Envelope indicator (21775) is crucial for tracking important levels like 21995 and 22135.