Closing Bell | Mixed technical outlook for the DAX as prevailing uptrend begins to slow

• The CCI indicator stands above +100
• Bollinger analysis indicates upper Band® is at 15,936

While the DAX is on an 8 day bullish trend, Today's session put the brakes on the ongoing uptrend — the DAX moves 0.08% to close at 15,900 today.

The index has been trending positively for about a month. The DAX has recovered 102,900% since descending to a significant low of 15.42 around 7 months ago.

Technical analysis trend indicators suggest that investors are seeking long positions as DAX price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that the DAX's upper Bollinger Band® is at 15,936, suggesting that a downward move may follow.

Overall, while the DAX has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Fundamental indicators – Euro Zone Consumer Price Index released today at 09:00 UTC with a figure of 6.9%, while the previous figure was 8.5%.

While the DAX was pretty flat today, mixed performances were seen elsewhere as Hang Seng retreats 1.37% today and closed at 20,651. Dow Jones descends 0.23% today and closed at 33,977.

Upcoming fundamentals: Euro Zone ECB Publishes Account of Monetary Policy Meeting is expected tomorrow at 11:30 UTC.