The Dax 40 weakens as the energy crisis in Europe casts doubt on growth. A bullish RSI divergence indicates a slowdown in the current liquidation.
A break above the latest sell-off point at 14140 prompted some sellers to cover their bets, easing the pressure in the process. Nonetheless, the bulls need to clear offers around 14400 from a previously faded rebound.
Only then a broader rally may reach the March peak at 14910. Otherwise, 13850 is a fresh support, and 13580 is a key level to keep the recovery intact.
