DAX arrives at key resistance after bouncing backGermany 40 CFDFOREXCOM:GER40FOREXcomAlthough up a good 0.5% today, the German DAX has been undermined recently by oil finding renewed support this week. It has been heavily underperforming Wall Street indices. The index is now testing a pivotal area of around 24,200. This is where it had found temporary support before selling off yesterday. So it could offer resistance here. Additionally, the 200-day simple moving average and the 21-day exponential moving average both come in slightly below. In terms of support, 23,840 to 23,960 area is key. This is a very important area to watch given that it was here where the last rally commenced from. If it breaks below here, then we could see increased volatility as the bulls rush for the exits.