Germany is also heavily dependent on other raw materials transported through the Strait of Hormuz. The DAX is currently trading around 1,000 points below its 200-day EMA (red line) and has fallen roughly 12% from its recent highs. On the daily timeframe, the RSI points to oversold conditions at 26. At the same time, there are early signs of a cautious return of buyers, and today’s daily candle has formed a very long wick. The index managed to hold the decline near the 23,670 level.
DE40 (D1 timeframe)

Source: xStation5
Morning Wrap: Oil pulls back following reports of Washington-Tehran talks (25.09.2026)
Daily Summary: NATGAS and OIL are holding up amid the turmoil surrounding Iran and contract rollovers đź’ˇ
BREAKING: Oil reverses gains, and the US100 halts its decline following optimistic reports on Iran
Market Wrap: Further rise in oil prices weighs on European stocks (24.09.2026)