The DAX 40 is currently trading at around 14,019. A key resistance point is based above at 14,041 with support sitting firmly below.

From a technical aspect, the DAX is currently trading at around 14,019. Taking a look at the 4-hourly timeframe, support sits firmly below along the ascending trendline. Support sits at 13,978 and then at 13,954, which corresponds with the trendline. A break below this trendline could see the index enter a bearish trend and slide further towards the back end of the year. On the other hand, if the upside momentum continues, key resistance sits at 14,041 (highlighted by a red oval). A break above this point may see the index climb towards levels ranging between 14,100-14,200. Looking at the technical indicators, MACD is strongly positive and RSI is neutral but edging higher as it reads 51.