In the bond market, the overall situation continues to support demand for risk assets as yields remain in the red across the curve: the 10-year yield fell to 2.634% from 2.702%, the 20-year yield declined to 3.121% from 3.186%, and the 30-year yield eased to 3.223% from 3.278% recorded last Friday.
The top gainers within the index include Vonovia SE (+1.04%), Henkel & Co AG Pref. (+0.09%), Mercedes-Benz Group AG (+0.06%), and Deutsche Telekom AG (+0.01%).
The leading decliners are Brenntag AG (–4.97%), Infineon Technologies AG (–3.50%), and MTU Aero Engines Holding AG (–3.44%).
Support and Resistance Levels
On the daily chart, the index remains in a corrective trend, approaching the upper boundary of a sideways channel between 24,700.0 and 23,000.0.
Technical indicators maintain a bearish signal: fast EMAs on the Alligator indicator remain below the signal line, while the AO histogram is in the sell zone, forming corrective bars.
Support levels: 24,050.0, 23,040.0.
Resistance levels: 24,700.0, 25,700.0.
DAX 40 Trading Scenarios and Forecast
If growth continues and the price consolidates above 24,700.0, long positions with a target at 25,700.0 will remain relevant. Stop-loss — 24,300.0. Implementation period: 7 days or more.
If the decline continues and the price consolidates below 24,050.0, short positions with a target at 23,040.0 will become relevant. Stop-loss — 24,500.0.
Scenario
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 24,700.5 |
| Take Profit | 25,700.0 |
| Stop Loss | 24,300.0 |
| Key Levels | 23,040.0, 24,050.0, 24,700.0, 25,700.0 |
Alternative Scenario
| Recommendation | SELL STOP |
| Entry Point | 24,049.5 |
| Take Profit | 23,040.0 |
| Stop Loss | 24,500.0 |
| Key Levels | 23,040.0, 24,050.0, 24,700.0, 25,700.0 |