⚡The contract is currently testing a key support level amid concerns about energy prices in Europe
The DE40 index is currently losing around 3%, testing key support for the uptrend marked by the 200-day exponential moving average, which halted declines in November 2025. The main catalyst is the sharp rise in European TTF gas prices, which have exceeded EUR 50 per MWh with an increase of over 60% since the beginning of the week, caused by the suspension of LNG supplies from Qatar following incidents in the Strait of Hormuz. Low gas stocks in Europe at around 30% and suspended LNG tankers are fuelling concerns about energy costs, hitting import-dependent economies. The market fears that the surge in energy prices in Europe will cause consumer prices to rise sharply, pushing up overall inflation and ultimately forcing the ECB to resume its cycle of interest rate hikes in Europe. Bookmakers such as Polymarket have seen increased interest in contracts betting on rate hikes today, but instruments based on swaps and European bond yields continue to show that the ECB is unlikely to raise interest rates by 25 basis points by the end of the year.
Source: Bloomberg Financial LP
Interestingly, a similar situation prevails in Japan and Korea, where the JP225 is down more than 4% and local gas prices have soared even higher than in Europe, with JKM LNG reaching levels above USD 13/MMBt, the highest since early 2025. If the situation does not stabilise within the next two weeks, the euro and DE40 may experience even greater corrections, and the European Central Bank could theoretically return to considering interest rate hikes, which could be disastrous for economic recovery and further weaken local markets. On the other hand, however, it should be remembered that the resumption of full traffic in the Strait of Hormuz could rapidly reverse the current movements.
The German DE40 is now testing a key support level marked by the 200-day EMA (gold curve on the chart). It is worth noting that in the past, this zone has repeatedly been a point of demand reaction, which has revived after deeper sell-offs. What happens next with the DE40 will largely depend on the highly volatile geopolitical situation and, above all, the issue of transport through the Strait, which is currently relatively deserted. Source: xStation
The current state of transport in the Strait of Hormuz is very limited. With the exception of a few ships flying the Iranian flag, most tankers from oil-producing countries have stopped in zones or ports just before the strait. Source: marinetraffic
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
