DAX Analysis 1-November-2024

With increasing geopolitical concerns, selling pressure was at the forefront in global stock markets this week. The Dax index also fell by approximately 500 points, but we are watching increases again from our critical support area.

The employment market data to come from the US today and the news flows regarding Israel will be important.

Technically, our 19,000 support is an important threshold. As long as this support remains above, we can expect a recovery. Above, the 19,620 level is in the resistance position.