Catalysts & Headlines (CET)

⚡
Xetra open around Pivot
A hold above Pivot keeps R1 in play; failure back through POC exposes S1 quickly.
09:00
Oil bid keeps industrial risk two-sided
Brent strength keeps energy costs in focus for European cyclicals despite lower geopolitical tail risk.
08:46
ECB President Lagarde speaks
Any pushback on inflation or policy timing can move rates, EUR/USD and exporter appetite into the close.
19:30

Economic Calendar (CET)

📅
19:30EUECB President Lagarde SpeaksMed

Key Levels — DAX

📐
LevelPriceType
R325435Resistance
R225353Resistance
R125111Resistance
Pivot24950Pivot
POC24915POC
S124838Support
S224712Support
S324628Support

Overnight Session

🌙
DAX Pre-Market
24945
721
EURO STOXX 50
6222
-46
VIX
18.41
-0.48
10Y Yield
4.372
-0.020
EUR-USD
1.1404
0.0042
Brent
73.48
0.88

Market Context

📊
Overall DAX risk appetite, estimated from price action and breadth. Colour = the read: green = risk-on/bullish, amber = mixed, red = risk-off/bearish. Bar = how pronounced the reading is.
DAX Sentiment
Cautious bid building
Index options put/call balance. Heavy puts = hedging/fear; light puts = complacency. Colour: green = light hedging (constructive), amber = balanced, red = heavy protection (defensive). Bar = strength of the signal.
Put-Call
Balanced hedging tone
Shape of the VIX futures curve (VIX9D vs 30-day VIX), computed from live data. Contango (front below spot) = calm; flat or inverted = near-term fear. Colour: green = calm contango, amber = flat, red = inverted/stress. Bar = stress level.
VIX Term Structure
Flat carry
European equity volatility read (VSTOXX-style; proxied from VIX and price action, since live VSTOXX is unavailable). Colour: green = calm/risk-on (supportive for DAX), amber = mid, red = elevated stress. Bar = strength of the signal.
Euro Vol
Moderate risk premium
DAX-40 participation - how broad it is. Colour: green = broad/strong, amber = mixed, red = narrow/weak. Bar = strength of the signal.
Breadth
Mixed leadership

Session Playbook

🎯
Bull Case
OrderBuy Stop
Entry25101-25121
Stop25011
TP125231
TP225351
Breakout only earns respect above R1; target the prior high extension, with stop tucked back under Pivot.
Bear Case
OrderSell Stop
Entry24828-24848
Stop24938
TP124718
TP224598
Breakdown through S1 targets trapped longs; POC reclaim kills the short.
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