DAX INDEX DROPS BELOW 14,000 LEVEL

With the indices that started the week positively entering into a slight depreciation, the returns from the 14.100 level in the DAX index drew attention. Especially in the USA, the $ 1.9 trillion incentive package for Covid-19 will be approved by the Democrats next week, which leads to the preservation of the upward scenario in the indices. The ZEW Institute's announcement that it is optimistic about the future of financial markets after the increase in the German ZEW index, especially above expectations, limited the declines on the index side. However, we felt the tension-increasing effect on the index side of the restrictions on the Covid-19 outbreak being extended to 8 March. In addition, Germany announced that it will also restrict travel with neighboring countries due to virus mutations. Following these developments, we see that the DAX index completed the day at 13.909 with a 1.10 percent decline.

If we look at the sectors included in the DAX index, it is seen that the sales experienced in the retail, writing and technology sectors accelerated the retreat on the index side. On the basis of companies, it is seen that the worst performers are Beiersdorf AG, SAP SE and Infineon Technologies. Among the best performances are E.ON, Daimler and Linde.

In the technical outlook of the DAX index, it is seen that the prices that have been trying to jump above the 14.100 level for a while have failed in this movement. Especially if prices stay below this level, the dips can be expected to test the 13,476 and 13,225 support levels, with 13,800 support below. However, if any possible losses are compensated, we monitor the rises within the framework of 14,400 and 14,750 resistance levels, along with the 14,100 threshold.