DAX 40 - German stock market shows neutrality
The German stock market slowed down amid a positive report from the GfK Group, according to which German Consumer Sentiment continues to improve: the forecast for January 2023 suggests an increase in the index to -37.8 points from -40.1 points. Thus, the indicator shows growth for the third month in a row, which can serve as a positive signal and is a direct consequence of the effectiveness of the measures taken by the German government to support households in the face of high energy prices.
On the daily chart of the asset, the price is trading well above the descending channel resistance line, continuing to reverse to the downside. Technical indicators have already reversed and issued a new sell signal.
Support levels: 13800, 13400 | Resistance levels: 14100, 14600