DAXEUR

In this period where the agenda is dominated by artificial intelligence wars, the markets have entered a normalization process after sharp corrections. Global stock indices are striving to recover their losses. Europe's prominent index, Dax40, stands out with a performance exceeding 8% for the month and continues to update its peak figures. As we approach the end of the first month of the new year, critical data flow for global markets continues. Alongside the U.S. Federal Reserve's (Fed) interest rate decision, the European Central Bank's (ECB) rate decision and President Lagarde's speech are among the topics that investors are closely monitoring.

From a technical perspective regarding the Dax40 index, the short-term Envelope indicator's lower point (21485) and the 21-period average (21550) are important references. If the index remains above these levels, increases toward 21650, 21775, and 21850 may be observed. Additionally, the upper point of the Envelope indicator (21920) and other indicators are critical for determining the direction of potential trend rallies or corrective sales. Maintaining above the 55-period average (21265) in the medium term indicates that the main trend will continue to follow a positive course. Key levels: 21485 and 21920.